Bitcoin falls to less than $100,000 as strong U.S. dollar hits crypto
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Bitcoin has again slipped below the $100,000 mark, experiencing a decline of over 5% in the past 24 hours.
The leading cryptocurrency, which had been gaining momentum amid anticipation surrounding the inauguration of Donald Trump, has seen its value drop sharply from $102,000 to $95,000 in just two days. As a result, other major cryptocurrencies also sharply declined, with Ether, Cardano, Solana, and Dogecoin dropping by 7%, 13%, 7%, and 10%, respectively.
The sudden decline in Bitcoin’s value can be attributed to several factors. The strengthening U.S. dollar has shifted investor preference…
