Bitcoin Falls Below $100K Amid Sudden Market Turmoil
Bitcoin’s price experienced a dramatic drop from $106,294 to $99,462, signaling a major shift in the market.
This sudden plunge led to a significant loss, with $135 million in BTC longs wiped out and a total of $902 million liquidated across the crypto market. The surge in trading volume to $78.49 billion reflects a rapid market response as investors either capitalize on the dip or minimize their losses.
This market turbulence comes amidst ongoing economic challenges and coincides with the launch of Trump family’s new meme tokens, creating added volatility in the crypto space.
Clever Robot News Desk 20th January 2025
