The cryptocurrency market has witnessed a broad-based downturn, with major digital assets facing significant downward pressure. Bitcoin declined by 1.86% to reach $113,574 after briefly falling to an intraday low of $112,722 amid heightened volatility.
Ethereum posted steeper losses, dropping 5.56% to trade at $3,489. The sell-off extended to altcoins including ETHFI and OMNI, both plummeting over 8% amid widespread market weakness.
This correction stems from multiple factors including investor profit-taking activity, shifting market confidence, and broader macroeconomic uncertainty impacting risk assets. Trading patterns indicate sustained volatility across digital asset markets.
Market analysts urge investors to maintain vigilance and closely track emerging trends as prices continue fluctuating. Technical indicators signal Bitcoin’s $113,000 level as a critical threshold being actively monitored by traders nationwide.