The cryptocurrency market has fallen amid global regulatory decisions

Over the past day, Bitcoin BTC $112,052.00 Mezo Wrapped BTC 2.11% Market capitalization $38.17 million VOL. 24 hours $3.19 billion has lost about 4% - the virtual coin has dropped from over $ 115,000 at the beginning of the week to $ 110,300. The decline affected the entire crypto market: Ethereumfell by 5%, dropping below $ 4,000, and XRP XRP $2.50 XRP 3.46% Market capitalization $149.74 billion VOL. 24 hours $0.44 billion suffered the biggest losses — minus 7%, reaching about $ 2.40. Such dynamics indicate the increased volatility of altcoins amid market uncertainty.

According to Bloomberg, the reason for the decline was geopolitical factors. China has imposed restrictions on the U.S. units of South Korean company Hanwha Ocean Co, which is seen as a response to U.S. sanctions against the Chinese shipping sector. Earlier, on October 10, the market had already experienced a large-scale sell-off with the liquidation of positions worth about $ 19 billion.

Last Friday, Bitcoin dropped to $ 102,000 after US President Donald Trump announced a possible increase in tariffs on China. The news triggered a wave of selling and a sharp drop in the BTC price. BRN Research analyst Timothy Misir believes that breaking through the $ 110,000 level could lead to a test of the liquidity zone between $ 104,000 and $ 108,000.

Glassnode experts note that the market is entering a consolidation phase, which is characterized by investor caution and a gradual restoration of confidence. This applies to both the spot and derivative segments. According to crypto trader Doctor Profit, the outlook for Bitcoin remains neutral in the short term, bearish sentiment prevails in the medium term, and further deterioration is expected in the long term due to global economic risks.

At the time of publication, Bitcoin was trading slightly above its short-term support level of $ 110,300. The market continues to respond to external factors, including geopolitical tensions and macroeconomic signals that shape the overall investment climate in the crypto sector.