Bitcoin Slides Below $112K as Solana, $XRP Lose Key Support Levels

Crypto markets suffer fresh declines as #Solana ($SOL ) breaks below $165 and #XRP tumbles under $2.9.

Bitcoin Faces Multi-Week Low After Failing to Breach Resistance

Bitcoin ($BTC ) faced intensified selling pressure over the weekend, dropping to a multi-week low of $111,900 on Saturday evening. This marks the lowest BTC price since early July and continues the broader correction pattern that began following the Federal Reserve's decision to pause interest rate changes earlier this week.

After attempting to reclaim the $120,000 resistance on Monday, Bitcoin failed to sustain momentum. Bears returned aggressively, pushing BTC back into a consolidation range between $117,000 and $119,000 throughout the week. However, mounting macroeconomic pressures and geopolitical concerns eventually triggered a sharp breakdown, with BTC dipping below the $112K mark.

Despite the crash, Bitcoin managed to bounce back slightly, recovering to above $113,500 as of press time. The total market capitalization of Bitcoin remains steady at around $2.26 trillion, with #BTC dominance over altcoins holding firm at over 60%.

Why #Bitcoin Is Struggling to Stay Above $120K

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