Cryptocurrency Prices Slide as Profit-Taking and Macroeconomic Drivers Impact the Market

Cryptocurrency markets experienced downward pressure this week, with Bitcoin (BTC) and Ethereum (ETH) both retracing after recent gains. Bitcoin’s value has dropped to around $113,000 following a 2.78% decline and an intraday low of $112,709, while Ethereum fell to approximately $4,100, shedding over 5%. The price movement can be attributed to profit-taking and the unwinding of leveraged positions.