Bitcoin drops and several altcoins rise

Yesterday, Bitcoin experienced a sudden drop to $86,000, surprising many traders who expected the price to continue rising. However, as we've come to expect in this market, volatility is a necessary part of the game, and Bitcoin was able to quickly recover by more than $1,000 and begin to regain some strength.

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At the same time, altcoins were not as successful as Bitcoin. We observed daily losses in big currencies like as XRP, SOL, and DOGE, demonstrating that the altcoin market is vulnerable to any Bitcoin shock. However, TON defied the trend and gained up to 7% in 24 hours, indicating that certain currencies have their own momentum independent of the overall market movement.

If we look back only one week, Bitcoin has crossed $87,500. This occurred following the Federal Reserve meeting, which had a favorable influence on the market, as well as the end of the Ripple case, which had been a source of tension. However, a swift correction occurred, and the price plummeted to $83,000, proving that the rising tendency is not always a straight line, but that corrections are required along the way.

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Last week, the price steadied about $84,000 throughout the weekend before recovering sharply on Sunday evening and Monday, hitting its highest level in more than two weeks at $88,800. The issue now is, will this recovery continue? Is this just a brief bounce before a deeper correction? The market is full of surprises, and those who follow it must be prepared for any eventuality.