The cryptocurrency market has experienced a wave of fall at the beginning of the new week. As the market benchmark, Bit has also not been spared, sliding from $115,348 to $115,059, barely holding on to the key support level of $115,000.

Among mainstream cryptocurrencies, XRP and Solana (SOL) have experienced particularly significant falls. XRP has fallen to $2.96, marking a new low in nearly a month. SOL's decline is even more severe, making it the worst-performing asset among the top ten cryptocurrencies.

The market generally shows a selling pressure, and the forced liquidation of long positions has further intensified the downward trend. This adjustment reflects the current fragility of the encryption currency market and also highlights the instability of investor sentiment.

In the face of such a turbulent market environment, investors should maintain a cautious attitude. Blindly chasing after increases may bring significant risks, but for confident investors, the current pullback may also provide an opportunity to buy at a low price. However, before making any investment decisions, it is crucial to closely monitor the support level of Bit and the overall market trend.

Despite the pressure the market faces in the short term, the innovation and development of the encryption currency industry continue in the long run. Investors need to find a balance between risk and opportunity while maintaining a keen observation of market dynamics.