Bitcoin Tops $126K, but Altcoins Face Sharp Declines

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The past 24 hours have been quite turbulent for the cryptocurrency market, with Bitcoin (BTC) reaching a new record price. Nonetheless, the asset experienced a correction after that and currently trades below $124,000.

Multiple well-known altcoins, including Hyperliqduid (HYPE), Solana (SOL), and Litecoin (LTC), have also registered some declines.

Huge Volatility for BTC
The biggest cryptocurrency performed quite well on October 6, and at one point, it hit a fresh all-time high price of over $126,000. Since then, however, it has headed south, and as of this writing, it trades at around $123,700.

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