Bitcoin plunges below $100,000, settling near $99,500
Bitcoin plunges below $100,000, settling near $99,500Bitcoin's price continued its downward trend. As of 10:29 Beijing time, it fell below the $100,000 mark, trading at $98,760
Bitcoin plunges below $100,000, settling near $99,500
Bitcoin's price continued its downward trend. As of 10:29 Beijing time, it fell below the $100,000 mark, trading at $98,760.17, representing a drop of over 1%. This decline pushed Bitcoin back towards the $99,500 level, nearing its intraday low. The downturn impacted the overall cryptocurrency market, dragging down related stocks. Blockchain-related stocks also suffered from the negative impact of Bitcoin's price fall, leading to a cautious market sentiment. Investors are closely monitoring Bitcoin's subsequent price movement to gauge whether further declines are likely. Currently, there's a lack of clear upward momentum, suggesting Bitcoin's price may remain volatile in the short term. Whether this drop will trigger a more significant market correction remains to be seen. Bitcoin's volatility has always been a key market concern, with its price changes often significantly impacting the entire cryptocurrency market. In the coming days, market participants will closely observe various macroeconomic factors and market dynamics to predict Bitcoin's future price trajectory.
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