Crypto Market Decline Intensifies: What Caused the Drop in Bitcoin, Ethereum, and Other Altcoins?

Market Overview: The crypto market is experiencing a significant correction, with major coins like Bitcoin and Ethereum seeing substantial losses. Bitcoin has fallen below $114K, causing concern among investors.

Current Prices: As of now, Bitcoin is priced at $113,587 (down 1.72% daily), Ethereum at $4,212 (down 1.98% daily), and other altcoins like XRP and Cardano are also facing declines.

Causes of the Crash: The downturn is attributed to macroeconomic factors such as steady inflation in the EU, technical selling after recent highs, and a liquidity crunch affecting over-leveraged traders.

Future Predictions: The market remains unstable, with critical support levels for Bitcoin ($110K), Ethereum ($4,000), and Cardano ($0.80) being monitored. Short-term volatility is expected to continue as macroeconomic conditions evolve.