Reported 1 day ago
The cryptocurrency market faced significant turmoil as Bitcoin's price plummeted from over $101,000 to around $94,000, resulting in nearly $3 billion in margin liquidations. As of now, Bitcoin trades slightly above $97,000. Despite this volatility, analysts maintain a positive outlook, citing increased institutional interest and substantial inflows into Bitcoin ETFs, especially with the anticipated supportive policies from the incoming Trump administration. The broader market also saw a near 5% decline, affecting major altcoins.
Source: YAHOO