Bitcoin’s price has reached 112,300 USD, marking its lowest level since August 3. Analysts suggest this decline may be fueled by market manipulation alongside low liquidity on trading platforms. Should Bitcoin’s downward trend persist, there are concerns about its potential impact on altcoins.
Upcoming events at the Jackson Hole symposium could escalate market volatility in the cryptocurrency sector. Traders are keenly observing critical price points, anticipating possible reversals, while predicting that BTC’s decline may lead to significant losses for altcoins.
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