Bitcoin, the largest cryptocurrency by market value, fell to about $113,000 on Wednesday, its weakest point in two weeks as investors moved to secure recent gains.
Gatekeepers News reports that data from CoinMarketCap showed the digital asset trading at $113,860 around 9:37 a.m., representing a 1 percent dip. Ethereum, the second-largest token, also slipped slightly by 0.1 percent to $4,232.
The global crypto market capitalisation dropped to $3.92 trillion, with trading volume exceeding $160.41 billion during the same window.
Bitcoin has had a strong year overall, buoyed by regulatory reforms under U.S. President Donald Trump, a staunch supporter of the digital currency space. In July, it broke through $120,000 for the first time, peaking at $123,153.
The momentum continued into mid-August, when it briefly crossed $124,000 after favourable legislation and rallies on Wall Street. But volatility has remained. Earlier this month, the coin fell to $113,620 before rebounding.
Analysts at CoinDesk noted that the latest sharp decline came as traders locked in profits, while broader concerns about the economy and leveraged positions added pressure to the market.
