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Bitcoin falls below $112,000 as 'cautious tone' sweeps over market
Bitcoin (BTC-USD) slipped below $112,000 Thursday amid a broader sell-off in crypto and stocks.
While the largest cryptocurrency declined 2%, Ether (ETH-USD), Solana (SOL-USD), and other coins saw larger declines in what has been a rocky week for the crypto market.
Ether fell roughly 5% to below $4,000 before paring losses, marking its lowest level since August, as ethereum exchange-traded funds (ETFs) saw net outflows over the past 24 hours.
“The persistent downward pressure is rooted in the absence of sufficient buying power to defend prices following the massive wave of liquidations seen on Monday,” Samer Hasn, senior market analyst at asset brokerage platform...