Bitcoin Nears $110K as Crypto Market Faces Correction

The global cryptocurrency market faced fresh pressure today as Bitcoin (BTC) fell near $ 111,000, its lowest point in recent days. The drop followed strong US jobs data, which signaled that the American labor market is stronger than expected. This reduced hopes of Federal Reserve interest rate cuts, strengthening the US dollar and pushing risk assets, such as cryptocurrencies, stocks, and gold, into correction mode.

Traders now believe a $110K retest is imminent for Bitcoin. Analysts warn that if BTC loses this key support level, the path may open toward $100K, while a recovery above $115K is needed to bring bullish confidence back.

Market Overview

Bitcoin (BTC): Dropped under $112K amid a stronger US dollar. Market analysts call the correction “overdue,” as BTC has been moving upward for weeks without a pullback. Options expiry worth $17.5B tomorrow adds further uncertainty.

Ethereum (ETH): Following Bitcoin’s lead, ETH slipped slightly but remains above $4,300. Traders see ETH as more stable in the short term compared to BTC.

Solana (SOL): One of the few coins holding green momentum today, Solana gained over 2%, supported by rising trading activity and continued network growth.

XRP (XRP): XRP remained resilient, trading near $3, as it benefits from global remittance demand and regulatory clarity in some markets.

BNB (BNB): Continued its bullish run, climbing near $906 and showing investor confidence in Binance’s expanding ecosystem.

Top 5 Coins – 24h Snapshot

Coin	Price (USD)	24h Change	Market Cap	24h Volume
Bitcoin (BTC)	$111,240	-2.8%	$2.22T	$21.3B
Ethereum (ETH)	$4,360	-1.5%	$526B	$17.1B
Solana (SOL)	$225.4	+2.1%	$122B	$9.4B
XRP (XRP)	$3.00	+0.8%	$178B	$4.1B
BNB (BNB)	$905.6	+1.9%	$1.04T	$2.8B

Key Market Notes

Macro Pressure: US jobless claims came in better than expected, pushing the US dollar index (DXY) to a 3-week high. This hurt risk assets including Bitcoin.

BTC Price Level: $110K is now seen as a “make-or-break” level. A drop below could trigger further selling toward $100K, while a bounce could trap short sellers.

Altcoin Watch: Solana and BNB show strength despite BTC weakness, signaling selective bullish momentum.

Investor Sentiment: Analysts call this correction “healthy,” reminding us that bull markets don’t move in a straight line.

Upcoming Event: Friday’s options expiry ($17.5B) could trigger major volatility, making the next 24–48 hours critical for crypto traders/

Today’s market shows that crypto remains tied to global macroeconomic events. A stronger US dollar, job data, and geopolitical tensions are all weighing on Bitcoin. While BTC struggles at key support, altcoins like SOL and BNB continue to shine, giving traders hope that momentum could return once volatility settles.

For now, all eyes remain on $ the $110K Bitcoin support and tomorrow’s options expiry; the outcome could set the tone for the rest of the month.

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