BTC Slides 2.79% as SEC ETF Delay and $400M Liquidations Shake Market Volatility

Bitcoin (BTCUSDT) experienced a 2.79% price decrease over the past 24 hours, with the current price at 113,419.10 USDT on Binance. The decline is primarily attributed to heightened market volatility following the US SEC's decision to delay Bitcoin spot ETF applications, increased macroeconomic uncertainty due to a surprise rise in US PPI, and significant crypto liquidations exceeding $400 million as Bitcoin dropped below key support levels. Trading volume on Binance reached 16,796.62 BTC (approximately 1.92 billion USDT), with the price fluctuating between a 24-hour high of 116,980.00 USDT and a low of 112,767.06 USDT. Bitcoin's market capitalization remains robust at around $2.29 trillion, with a circulating supply of approximately 20 million BTC.