Bitcoin dropped below $96,000 today, while major altcoins continue their downward trend ahead of the market opening on Monday. Market data indicates that Bitcoin fell to a low of $95,900 during the early Asian trading hours, reflecting ongoing market instability. Although some investors remain optimistic about a potential recovery, the current price action suggests caution as the market struggles to find direction.

The overall sentiment remains unpredictable as bulls and bears continue to clash. Most altcoins are moving in sync with Bitcoin, although some are experiencing sharper declines. In anticipation of a significant token unlocking, Solana (SOL) has lost over 7% in the last 24 hours, now trading at $181.88. Other key tokens in the Solana ecosystem, including JUP from Jupiter and RAY from Raydium, have also seen declines with significant losses.
On the positive front, CAKE emerged as one of the biggest winners of the day, rising by almost 8% in the last 24 hours. Recently renamed Sonic (formerly Fantom) also showed a strong move, with its own token S, which today surged by 7% and an impressive 35% in the last week. This performance discrepancy underscores the fragmentary nature of the market, where selected tokens sway the overall trend.