Bitcoin Crashes Below $100K, Market in Freefall
The cryptocurrency market suffered a sharp sell-off on Tuesday, with Bitcoin plunging below the crucial $100,000 mark for the first time in months.
The leading digital asset dropped 6.29% in 24 hours to trade around $100,000, extending its weekly losses to more than 11%. The decline pushed Bitcoin’s market capitalization to just under $2 trillion, while daily trading volume surged to nearly $97 billion, reflecting widespread volatility and liquidations.
The downturn wasn’t limited to Bitcoin. The total crypto market capitalization fell 6.86% in the past day to $3.29 trillion, signaling a broad market correction. The CMC20 index, which tracks the top cryptocurrencies, also declined by 7.03%. Market sentiment has…
