BTC slips below $112k as market gives up recent gainsCopy link to sectionThe crypto market is having a poor start to the market as Bitcoin and other major cryptocurrencies record huge losses. Bitcoin surged past the $117k mark last week after the United States Federal Reserve cut interest rates by 25 basis points. The bearish performance saw Bitcoin briefly drop below the $112k level earlier today. The RSI has dropped below the neutral 50, indicating a bearish market trend. Powell’s speech tomorrow could give the market a clear direction for the remainder of the week.