Crypto Market Plummets: Causes and Outlook Amidst Deep Correction

The cryptocurrency market has experienced a steep downturn, sending prices for Bitcoin, Ethereum, and other altcoins plummeting. Today’s sell-off across the board reflects intense pressure within the market. Bitcoin’s dip below $114,000 has raised concerns among investors, while Ethereum and leading cryptocurrencies are facing double-digit weekly losses. High trading volumes indicate a large amount of liquidation occurring as the market struggles to maintain stability.