Reported about 11 hours ago
Bitcoin's price has dipped below $100,000 due to increasing selling pressure attributed to investor worries over a government shutdown and deteriorating economic growth. This decline marks a 20% drop from its recent peak and is linked to significant 'whale selling,' where large holders liquidate assets. Analysts suggest that diminished participation from retail buyers and a slowdown in ETF inflows are contributing to market weakness, with uncertainty regarding near-term catalysts to boost prices as the government shutdown persists.
Source: YAHOO