Crypto Market Suffers Downturn as Bitcoin Plummets 5%

The cryptocurrency market experienced a significant downturn as Bitcoin dropped nearly 5% to $108,000. The price slide triggered discussions about the sector’s overall stability and sparked concerns among investors. Major cryptocurrencies like Cronos, Solana, KuCoin also saw notable declines in value. Despite the volatility, institutional inflows into Bitcoin ETFs of $14.6 billion suggest a strong long-term interest in the asset.