Currently, BTC is facing a notable correction after its price fell from a peak of $109,000 last week to now trading once again below the $100,000 price mark as of today.
$BTC has dropped nearly 5% in the last week to its trading price of $99,986, marking a decrease of 7.9% from its all-time high reached last week.
Cryptocurrencies are trying to avoid declines caused by the pullback in the U.S. stock market, where semiconductor companies are suffering heavily today, with the Nasdaq 100 declining nearly 3%.
According to what I have been reading, the price drop of Ethereum, Bitcoin, and other cryptocurrencies may be due to the pressure from the massive sell-off in the Nasdaq.
