%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The price of %Bitcoin (CRYPTO: $BTC ), the largest %Cryptocurrency by market capitalization, appears to have found support at $110,000 U.S. after experiencing a sharp decline in recent days. Bitcoin had declined as low as $109,000 U.S., dropping from an all-time high of just over $124,000 U.S. reached earlier in August. Some analysts and traders expressed concern that Bitcoin could fall as low as $100,000 U.S. after breaking below the key support level of $110,000 U.S. However, those worries seem to have been premature as BTC has risen back above $100,000 U.S. over the past 24 hours and is currently trading at $111,150 U.S. The price of Bitcoin has slumped over the last trading week alongside other cryptocurrencies such as %Ethereum (CRYPTO: $ETH ) and %Solana (CRYPTO: $SOL ) as investors turn more risk averse. Ethereum's price is currently at $4,600 U.S., having fallen from a record high of just under $5,000 U.S. on Aug. 22. Analysts say investors appear to be taking profits in crypto after a big rally this spring and summer. At the same time, there is now some trepidation creeping into markets with stocks near all-time highs and amid signs of cracks in the U.S. economy. U.S. President Donald Trump's firing of Federal Reserve Governor Lisa Cook in recent days has also caused market jitters. Despite its current decline, the price of BTC has risen 19% this year.