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Bitcoin fell over 10% in 24 hours, hitting a low just above $63,000, marking its worst one-day decline since the FTX collapse. Analysts warn of a lack of support, with key levels around $58,000 to $60,000. Altcoins like XRP suffered even greater losses during the sell-off.
Altcoins like HYPE and JTO rallied significantly as the Dollar Index dropped to a four-year low. Bitcoin remained stable near $89,200, while speculative tokens like PIPPIN saw notable gains. The shift in the dollar's value often impacts crypto trading dynamics, leading to increased interest in altcoins during this period.