Bitcoin News

Story: Bitcoin Drops to $112,680 as Market Selloff Wipes Billions from Crypto Sector

By Steven Anderson

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Bitcoin's Recent Struggles Continue. This drop came after weeks of consolidation, with BTC maintaining levels above the $116,000 range.

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Ethereum, Altcoins Hit Harder. Ethereum (ETH), the second-largest cryptocurrency by market cap, suffered a more severe blow,…

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Only a Few Tokens in the Green. Amid the sea of red, a few tokens managed to hold their ground. Notable exceptions included:

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Biggest Losers of the Day. While the top-tier coins faced heavy losses, several lower-cap tokens posted even sharper declines:

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Market Sentiment Turns Bearish. The sharp drop has been attributed to a mix of macroeconomic factors, including concerns over…

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Bitcoin Remains the Market Barometer. As always, Bitcoin’s price movement remains a barometer for the overall health of the crypto market.

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What’s Next for the Crypto Market?. The next few days will be crucial. Traders and investors are watching to see whether Bitcoin can…

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Bitcoin (BTC) plunged to an intraday low of $112,680 on Friday, marking a nearly 3% drop against the U.S. dollar as the broader crypto market faced a sharp selloff.

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As of Friday evening around 7:00 p.m. ET, Bitcoin was trading slightly higher, hovering near $113,033 based on global averages.

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Despite a modest bounce back to $113,000, analysts remain cautious. Bitcoin's 61.4% dominance in the market means that when it slips, the entire digital asset ecosystem tends to…

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Ethereum (ETH), the second-largest cryptocurrency by market cap, suffered a more severe blow, dropping 6.9% to $3,463. With Ethereum's market share now at 11.

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Other major altcoins also saw steep declines:

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The synchronized slide among top cryptocurrencies reflected a wave of investor anxiety as sell pressure increased heading into the weekend.

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These modest gains were the exception rather than the rule, offering little relief to traders who saw portfolios shrink across the board.

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This widespread red across both large- and small-cap assets painted a clear picture of risk-off sentiment.

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