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Crypto market correction leads to 1.76 billion USD in liquidations

Market faces correction: The crypto market is witnessing a correction as Bitcoin falls to 96,000 USD, triggering 1.76 billion USD in liquidations. Investors are largely opting to take profits amid the selling pressure, driven by both uncertainty over Google’s quantum chip and weaker than expected altcoin activity.

Future outlook remains positive: Despite the current decline, experts are optimistic. Bitcoin is projected to reach 113,739 USD by end of 2024, helped by strong performances from altcoins like Solana (SOL), Binance Coin (BNB), and TRON (TRX). These assets are seen as potential leaders in the market’s eventual recovery.

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