Bitcoin price dip sparks altcoin rally speculation

Bitcoin's price experienced a 7% drop on December 11, wiping out a week's gains and falling to a four-month low of $41,329.

This significant correction led to widespread market impacts, with several altcoins experiencing double-digit value declines.

Market analysts view this correction as a typical part of the current price cycle, expected after two months of bullish trends.

Over $400 million in leveraged crypto positions were liquidated during the market dip, but Bitcoin has since rebounded above $42,000.