Bitcoin Drops Below $100,000 as Crypto Markets Extend Weeklong Decline
Bitcoin slipped below the $100,000 threshold early Wednesday for the first time since June, extending a weeklong selloff that has erased gains across digital asset markets.
The world’s largest cryptocurrency was trading at $99,133 as of press time, down approximately 6% over 24 hours and 11% across the past seven days, according to Coinmarketcap data. The broader crypto market capitalization fell to $3.3 trillion, declining 6.88% in the past day.
Major altcoins experienced steeper losses. Ethereum dropped 10.91% to $3,249.50, while Solana tumbled 9.34% to $152.42 over the same period.
The crypto downturn mirrored weakness in traditional risk assets as equities posted their sharpest decline in nearly a month during Tuesday’s trading…
