The floor of the Bithumb Lounge Gangnam main branch in Seocho-gu, Gangnam-gu, Seoul reflects the coin price graph with a Bitcoin model placed on it. /Courtesy of News1

Altcoins, excluding Bitcoin, are collectively declining.

As of 8 a.m. on the 11th, Bitcoin is trading at $119,222.3, up 2.29% compared to the previous day, according to CoinMarketCap, a global virtual asset market monitoring site. In contrast, Ethereum is trading at around $4,246, down 0.27%. Ripple is currently trading at $3.17, down 1.4%.

In particular, Ethereum surged to as high as $4,300 the previous day, nearing an all-time high. Recently, Ethereum continued its bullish trend as the U.S. government pushed for the institutionalization of stablecoins, but it underwent a correction within a day.

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