Bitcoin drops to $ 115,000

Bitcoin BTC $112,422.48 Bitcoin -1.02% Market capitalization $2.24 trillion VOL. 24 hours $1.41 billion continues to fall and for the first time in the recent period dropped to the level of $ 115,000. In turn, this led to massive liquidations in the crypto market. Accordingto analytical platforms, the volume of liquidated positions exceeded $ 155 million, which was a significant blow to many traders.

A significant part of the liquidations was accounted for by long positions that were opened with the expectation of further growth of bitcoin. The drop was rapid, and the largest losses were recorded on the world’s largest cryptocurrency exchanges. Experts attribute this trend to rising market volatility and unfavorable news background.

Some analysts note that the current decline may be due to a general decline in interest in risky assets, as well as new regulatory initiatives that affect the operation of exchanges and investor behavior. In addition, the market is also affected by external macroeconomic factors, such as dollar fluctuations and stock market performance.

Despite the significant decline, some market participants believe that such corrections are typical for the cryptocurrency industry and may create new opportunities for investors. However, experts advise to be cautious and monitor further developments, given the increased level of risks.

As a reminder, bitcoin remains the largest cryptocurrency by market capitalization, and changes in its value affect other digital assets, causing a wave of corrections in the market as a whole.