Bitcoin is testing the $112,000 support level as the cryptocurrency market experiences a 3.8% decline. The leading cryptocurrency briefly touched $111,986, with technical indicators such as the RSI at 44 and ADX at 17 pointing to potential further downside. Ethereum has dropped 7% to $4,083, while Dogecoin has fallen 10% to $0.23, marking it as the worst performer among the top 10 cryptocurrencies. The overall market capitalization of cryptocurrencies has decreased to below $4 trillion.