Altcoins sink and Bitcoin falls to $112 in new correction
- Bitcoin Retreats to $112 as Billions of Dollars Are Liquidated
- Altcoins like Ethereum and DOGE suffer sharp losses
- Cryptocurrencies lose $150 billion in market value
After days of stability, the cryptocurrency market has once again seen significant declines, with Bitcoin (BTC) leading a new wave of sell-offs. The asset plummeted from $115.600 to $112.000 on Monday, hitting its lowest level in 12 days, before recovering slightly.
The move comes after a positive week, in which BTC rose to a monthly peak of $118.000, driven by the Federal Reserve's decision to cut interest rates. Despite the momentary optimism, Bitcoin quickly lost momentum and returned to fluctuating between $115.000 and $116.000 over the weekend.

On Monday, selling pressure intensified, causing BTC to plunge to $112. The drop triggered a cascade of liquidations, totaling $1,7 billion in a single day. Currently, Bitcoin is trading at $112.700, registering a daily decline of 2,6%. Market cap has fallen to approximately $2,245 trillion, with a 56,4% dominance over other cryptocurrencies.
Meanwhile, altcoins are facing even more severe losses. Ethereum (ETH), for example, fell 6,4% and is trading below $4.200. XRP fell to $2,8 after a 5,4% daily decline. Other assets such as Solana, Cardano, Avalanche, Chainlink, HYPE, SUI, XLM, Litecoin, HBAR, and TON saw declines of up to 8%.
Dogecoin (DOGE) performed even weaker, falling double digits and trading below $0,24.
The impact was felt in the total cryptocurrency market value, which shrank by more than $150 billion in the last 24 hours. The sector's aggregate market capitalization is now well below $4 trillion, reflecting the intensification of widespread selloffs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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