Bitcoin Drops to Key Support!

According to TradingView data, BTC recently fell to $112,656, touching the support level since August 3 (around $112,000).

It has retreated from last week's peak of $124,000, a decline of about 8.5%.

The total market capitalization of cryptocurrencies has fallen below $4 trillion, the lowest in two weeks.

Market sentiment has also cooled.

Bitcoin's "Fear and Greed Index" has dropped to 44 (Fear), hitting a new low since the end of June.