Bitcoin plunge: End of crypto boom? Worries grow amid signs of instability in $3.2 trillion market
Bitcoin briefly plummeted below $91,000 before recovering some losses, spooking investors and triggering widespread concern across the cryptocurrency market.
The sudden drop raised alarm bells about the potential for a broader market crash, with analysts warning that the Federal Reserve’s actions could further exacerbate the situation.
Bitcoin peaked at nearly $110,000 in the days following the US presidential election results in an impressive crypto bull run over the prospects of Donald Trump returning to the White House.
However, Bitcoin’s value has been steadily declining over the last few days, signalling a possible correction after a brief euphoria.
The latest dip comes despite previous optimism about President-elect Trump’s plans to…
