The cryptocurrency market faced a turbulent period when Bitcoin‘s value briefly fell below $112,000. Such fluctuations caused significant ripples across other major cryptocurrencies, leading to substantial market liquidations. Despite recent interest rate cuts by the Federal Reserve, investor sentiment remained cautious as market participants weighed the implications of macroeconomic uncertainties and asset overvaluation. These global market conditions combined to create a perfect storm of volatility, prompting many traders to reassess their positions.
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