Why Did Bitcoin, Ethereum And Other Cryptocurrencies Collapse?

The cryptocurrency market is in chaos as Bitcoin falls to $113,000, Ethereum drops below $4,300, and major altcoins are all in the red. What is the reason behind this sell-off? The Collapse of Cryptocurrency Today: Widespread Sell-off The cryptocurrency market has entered another strong correction, with most major coins sinking into the red. Bitcoin's drop below $114,000 has left investors bewildered, while Ethereum and top altcoins are facing double-digit weekly losses. High trading volumes indicate that liquidation pressure remains significant, reflecting a fragile market environment.

Cryptocurrency Prices Today: Latest Price Overview Based on the latest market data (view the chart): Bitcoin ($BTC ): 113.587 dollars, falling 1.72% daily and -5.59% weeklyEthereum ($ETH ): 4,212 dollars, falling 1.98% daily and -10.20% weeklyXRP: 2.89 dollars, falling 4.10% daily and nearly -12% weeklyBNB: 831 dollars, falling 1.60% dailySolana ($SOL ): 180.96 dollars, falling 10.07% weeklyCardano ($ADA ): 0.85 dollars, falling 8.38% daily and continuing to slide

Stablecoins like $ USDT and $ USDC remain pegged close to $1, but high trading volumes indicate that capital is shifting from risk assets to safe havens. What Caused the Collapse of the Cryptocurrency Market? The market downturn occurs against a backdrop of a combination of macroeconomic pressures and specific pressures from cryptocurrencies: Macroeconomics: Inflation in the EU remains stable at 2%, making central banks cautious about cutting interest rates. Global risk sentiment is weakening, severely impacting speculative markets. Technical Selling: After recent all-time highs, major cryptocurrencies are facing strong profit-taking. Liquidity Crisis: Traders using excessive leverage are facing liquidation, triggering a wave of sell-offs across many tokens. Predictions About Cryptocurrency: What Will Happen Next With Cryptocurrency? The market is still in a precarious phase as Bitcoin struggles to stabilize above $113,000. If the sell-off continues deeper, the key price levels to watch are $110,000 for BTC, $4,000 for ETH, and $0.80 for ADA. A recovery may occur if buyers step in at these support levels, but market sentiment remains fragile.