Bitcoin experiences significant price volatility, initially reaching a multi-day high of $62,000 before facing rejection and dropping to $58,000.
Altcoins, including Ethereum, follow Bitcoin's trend with notable declines. Ethereum specifically retraces by 4.5%, mirroring the overall downward movement in the cryptocurrency market.
The article highlights the interconnected nature of the cryptocurrency market, where Bitcoin's movement often influences other digital assets.
