Other major digital assets also traded lower, with Ethereum sliding 6.76 per cent to $3,331.65, Solana down 3.16 per cent at $157.66, XRP declining 3.16 per cent to $2.24, and Dogecoin slipping 1.47 per cent to $0.165. Bitcoin has now officially entered bear market territory, falling more than 20 per cent from its record high of $126,186 reached in early October.