Bitcoin witnessed a sharp drop shortly after trading commenced on Saturday, with its price dropping to $104,801, a decline of $82 from the previous closing price of $104,883.70.
The leading cryptocurrency remained in negative territory for several hours, further declining to $104,468.20 around 01:00 UTC, showing a loss of $415.5.
Despite a brief recovery starting at 03:32 UTC, where it rose to $105,227.30 by 03:58 UTC—a gain of 0.67% or $705.10—Bitcoin could not sustain its gains.
It eventually hit a new intraday low of $104,452.40 at approximately 05:12 UTC, down $430 from Friday’s closing price.
In related market movements, Ether (ETH) saw a 0.62% decline, trading at $3,291.31, while Litecoin (LTC) recorded a 3.35% increase, reaching $122.76.
