Cryptocurrency market experiences a downturn, raising doubts about the sustainability of the ongoing bull run.
Bitcoin drops to $107,300, marking a 4.12% decline from its recent high, while Ethereum falls over 8% from its peak.
Other major cryptocurrencies like BNB, Cardano (ADA), and XRP also register losses following Bitcoin's trend.
Factors contributing to the market correction include economic policies, security concerns, and regulatory developments, impacting investor sentiment and market volatility.