News & Updates : Nasdaq Declines as Bitcoin Experiences Drop #MarketPullback #BitcoinNews #UpdateBTC

The Nasdaq opened lower following a significant decline in tech stocks, with Bitcoin dropping sharply to around $112,570, well below its recent peak.

The Nasdaq Composite faced a downturn, opening over 0.5% lower as tech stocks, including major players like Apple and Microsoft, led a market sell-off. This decline affected cryptocurrencies, with Bitcoin (BTC) falling to $112,570 after reaching a high of $124,500. On-chain analyst Willy Woo noted that despite the volatility, investor liquidity in Bitcoin is recovering, as indicated by a declining MCR risk signal. Meanwhile, Bitcoin's price dipped by 1.87% in the last 24 hours, reflecting broader market sentiment. In other news, Solana has integrated a new Ethereum bridge via Across, enhancing user experience for cross-chain transfers. Additionally, Brazil is considering establishing a sovereign Bitcoin reserve, with a hearing scheduled to discuss the implications of including Bitcoin in its national reserves. This move aligns with global trends as countries explore Bitcoin as a hedge against inflation and geopolitical risks, despite concerns over its volatility.$BTC