The arrival of a good price in cryptocurrencies will have to wait as right now all tokens are in the red, including BTC which was expected to reach 100k this week. The cryptocurrency market seems to be experiencing a correction after a bullish trend. Despite mentions of an increase in global market capitalization, other reports suggest that cryptocurrencies are in the red, meaning their prices are declining.

Possible causes of the drop:

- *Loss of support at $100,000*: Bitcoin, the largest cryptocurrency, has once again lost the support of $100,000, which could be causing uncertainty in the market.

- *Lawsuit against cryptocurrencies*: A lawsuit against cryptocurrencies could be behind the drop in the price of Bitcoin and other cryptocurrencies.

- *Market volatility*: The cryptocurrency market is known for its volatility, and price fluctuations can be caused by a variety of factors.

*Effects on the market:*

- *Losses in leveraged positions*: Traders lost more than $291 million in the last 24 hours due to the drop in cryptocurrency prices.

- *Drop in Bitcoin price*: Bitcoin has lost about 5% of its value in the last hour, and in some cases, it has fallen by as much as 15.56% in the last month.¹ ² ³

*What’s next?*

It is difficult to predict with certainty what will happen to the cryptocurrency market, but some analysts believe that the current drop could be a correction after a bullish trend. However, there are also concerns that the drop in the price of Bitcoin and other cryptocurrencies could be an indication of the end of the bullish market.$BTC