Bitcoin's price decline, dropping below $96,000, has caused ripple effects across the cryptocurrency market. Notably, altcoins have been severely impacted, experiencing substantial double-digit losses.
The downturn is attributed to recent geopolitical tensions which have created uncertainty in the financial markets, exacerbating the losses suffered by various cryptocurrencies.
This situation highlights the inherent volatility in the cryptocurrency market and the influence of external global events on digital currency prices.
