Critical Support Levels Breached by XRP, ADA Drops by 7%, BTC Falls Under $113K: Crypto Market Update

Bitcoin failed to sustain its brief recovery, slipping below $113,000 for the first time since early August. Most altcoins followed suit, with Ethereum struggling to stay above $4,200, and Ripple's XRP breaching a key technical support level. Bitcoin's volatility was anticipated for the week, following a calm weekend trading around $117,500.

Despite recovering to $117,000 on Tuesday, the market slipped and Bitcoin dropped below $113,000. This is the lowest in about three weeks, resulting in a market capitalization decline to $2.265 trillion. Other altcoins such as ADA and XRP also struggled, with ADA losing over 8% and XRP dropping below $3.00. The total crypto market cap is down over $70 billion, standing at $3.920 trillion.