Bitcoin and other major cryptocurrencies fell in a brief, sharp move before partially recovering, according to market data. The cause of the drop is not immediately clear.<\/p>\n\n\n\n
On Sunday, Bitcoin fell from a 24-hour high of $114,742 to as low as $111,060, a drop of about 3.2% within minutes, before rebounding to around $112,376, still down about 2% from the peak. <\/p>\n\n\n\n
The decline also affected Ethereum, XRP, Solana, and Dogecoin, while stablecoins, which are designed to maintain a fixed value typically pegged to the U.S. dollar, remained largely unchanged.<\/p>\n\n\n\n
There was no immediate indication of news or announcements that could explain the sudden drop. <\/p>\n\n\n\n
Over the past week, Bitcoin climbed to $118,600 before retreating toward the $112,000 range, a move analysts say could reflect either a market correction after Friday\u2019s rapid surge or the liquidation of long positions.<\/p>\n\n\n\n
Cryptocurrency markets are known for rapid swings, and similar intraday selloffs followed by partial recoveries have occurred during periods of heavy trading or thin liquidity in the past.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin and other major cryptocurrencies fell in a brief, sharp move before partially recovering, according to market data. The cause of the drop is not immediately clear. On Sunday, Bitcoin fell from a 24-hour high of $114,742 to as low as $111,060, a drop of about 3.2% within minutes, before rebounding to around $112,376, still […]<\/p>\n","protected":false},"author":7,"featured_media":52594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[1233,1234,15],"class_list":["post-58370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bitcoin","tag-cryptocurrency","tag-featured"],"yoast_head":"\n