Bitcoin Price Plunges Below $112,000 – What’s Driving the Decline?

Bitcoin has experienced a sharp price drop, dropping below the crucial level of $112,000. Real-time market monitoring from Bitcoin World indicates BTC trading at around $111,987.52 on the USDT market. This significant decline raises questions about the drivers behind the market shift and investor sentiment. While volatility is a constant in crypto markets, this drop has sparked conversations about potential reasons for the price plunge.