Bitcoin has slightly retraced from its recent record highs, now trading at approximately $97,954. This represents a minor drop of 0.03% over the last 24 hours. The market capitalization of Bitcoin has dipped under $1.9 trillion, marking a loss of more than $60 billion since the previous Friday.
This downturn comes amidst significant market activity, with substantial liquidations amounting to $500 million. The broader cryptocurrency market also saw a decline, with the global market cap falling by 0.74% to $3.34 trillion.
Trading volume across the cryptocurrency market reached $199.2 billion, which represents a decrease of 3.24% over the same time frame, suggesting reduced market enthusiasm and activity. The recent fluctuations highlight the continuing volatility in the cryptocurrency markets.
