Bitcoin has undergone a sharp decline, dropping to $94,000 on Monday night, after failing to hold above the six-figure mark. 🌪️

Altcoins also suffered heavy losses with many coins dropping double digits before slightly recovering. BTC fell sharply from $101,000 to $94,000, causing significant damage to traders using leverage. The total value of liquidated positions reached $1.6 billion.

Nevertheless, BTC has recovered above $97,000, with market capitalization decreasing to $1.930 trillion. However, BTC's dominance has increased to 53% as altcoins sustained greater losses. 📉