Bitcoin (BTC), the largest cryptocurrency by market capitalization, has dropped below $106,000, according to data from Cryptonewsterminal. As of the time of writing, BTC is trading at $105,979.98 on the Binance USDT market. This marks a significant drop from its all-time high of over $118,000, which was reached in late October. The cryptocurrency market has been experiencing a correction in recent weeks, with many altcoins also seeing their prices fall. There are a number of factors that may have contributed to this correction, including concerns about regulatory crackdowns in China and the US, as well as profit-taking by some investors. It remains to be seen whether this correction will continue, or if BTC will be able to regain its upward momentum. However, the cryptocurrency market is known for its volatility, so it is always possible that prices could rise again in the future.

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