Bitcoin Slides Below $110,000 as Altcoin Losses Mount

Bitcoin prices suffered a downturn this past 24 hours, plummeting below $110,000 for the first time in several weeks before rebounding slightly. The cryptocurrency market saw significant losses across various altcoins, with ETH especially taking a hit after hitting new all-time highs earlier in the week. A recent analysis of trading activity shows that over $300 million in liquidations occurred within just one hour, further indicating the bearish sentiment.