Bitcoin Plunges Below $110,000 Amid Market Turbulence

Bitcoin’s price has experienced a sharp decline, dropping below the crucial $110,000 threshold on Binance, marking a 3.16% decrease. This plunge coincides with heightened volatility affecting Ethereum and Solana, leading to significant liquidations across the crypto market. Experts are attributing this downturn to increased volatility and challenges stemming from substantial market cap losses. Notably, Binance CEO Changpeng Zhao expressed regret over recent Bitcoin sell-offs, highlighting his belief in Bitcoin’s long-term potential despite current short-term fluctuations.