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The Bitcoin price experienced a notable high, reaching approximately $108,000 before falling into a significant downtrend. Many alternative cryptocurrencies followed suit, recording declines as steep as 30%. The host acknowledged this downturn and pointed out that Bitcoin has fluctuated around $93,000 to $94,000, indicating a period of market consolidation. Conversations on social media platforms, particularly Twitter (formerly X), have trended toward bearish forecasting, with some analysts arguing this could be the cycle's peak.