Article Summary

**Crypto Market Faces Major Correction as Bitcoin Falls Below $110K and Ethereum Drops Under $4,000** The cryptocurrency market experienced significant turbulence today, with total market capitalization plummeting below $3.8 trillion—a sharp 5% decline within 24 hours. Bitcoin price crashed through the critical $110,000 support level, while Ethereum fell beneath the $4,000 threshold, signaling widespread market distress across major digital assets. On-chain data analysis reveals potential capitulation patterns emerging among cryptocurrency investors, suggesting the current correction may deepen before recovery begins. The steep decline follows mounting global macroeconomic uncertainty, including renewed concerns from U.S. markets that continue pressuring risk assets like Bitcoin and altcoins. This cryptocurrency market correction impacts the broader blockchain ecosystem, affecting DeFi protocols, NFT collections, and institutional crypto adoption rates. Technical indicators point to oversold conditions, yet market sentiment remains bearish as traders await clearer signals for potential reversal. Cryptocurrency enthusiasts and institutional investors are closely monitoring key support levels for Bitcoin and Ethereum, as these flagship digital currencies often dictate broader market direction. The current crypto market volatility underscores the importance of risk management strategies in digital asset portfolios.