The cryptocurrency market is once again showing signs of weakness, with Bitcoin, Ethereum, and major altcoins sliding downward after a period of strong gains.
Over the last 24 hours, Bitcoin dipped below $115,000, while Ethereum dropped under $4,200, triggering more than $400 million in liquidations across the market. Analysts link this decline to broader macroeconomic uncertainty and increased selling pressure within DeFi and meme-token sectors.
The pullback has also spilled into the NFT market, which saw valuations drop by nearly $1.2 billion, as falling ETH prices put pressure on digital collectibles. Popular collections such as CryptoPunks and Bored Ape Yacht Club recorded sharp price corrections.
Despite the downturn, some altcoins like Chainlink and BNB showed resilience, outperforming other tokens and limiting their losses. Still, the overall sentiment in the market remains cautious as traders weigh global financial trends and regulatory signals.
While short-term volatility persists, many experts see this correction as a healthy reset that could pave the way for stronger growth in the months ahead.
