Bitcoin Price Stabilizes Near $107K After Intraday Low; Crypto Market Cap Nears $3.5T

Bitcoin recovered to $106,764 after hitting an intraday low of $105,300, while the global cryptocurrency market capitalization declined to $3.56 trillion. Ethereum dropped 2.83% to $3,636, and major altcoins fell over 6%. The crypto market appears to be in a strong downward trend, with Bitcoin holdings on exchanges decreasing by over 200,000 in six months.