The cryptocurrency market experienced a downturn today, with major players like Bitcoin, Ethereum, and XRP facing notable declines. Bitcoin led the drop, breaking below $112,000 as selling pressure surged. This triggered liquidations across exchanges and pushed prices closer to key support levels. While Ethereum and XRP followed suit, these fluctuations highlight the sensitivity of altcoins to market volatility. Bitcoin’s downward trend, exceeding a 2% decrease in 24 hours, adds more uncertainty about its immediate future. Despite recent gains, Bitcoin’s price is now down over 10% from its record high in May. Ethereum also experienced a correction, dropping 3.85% from its all-time high. The decline in Ethereum’s price was likely impacted by the correlation with Bitcoin’s performance and a possible retest of its $4,151 support level. XRP followed suit, losing over 2% on the XRP/USD exchange, further highlighting its connection to Bitcoin’s price fluctuations. Overall, today’s market dip underscores the volatility in the cryptocurrency market. With liquidations continuing and risk-off sentiment growing, investors should approach the market cautiously as we wait for a potential market turnaround.