Reported 1 day ago
Bitcoin has plummeted below $90,000 for the first time this year, causing a significant sell-off in the cryptocurrency market while the U.S. was asleep. The decline of Bitcoin, down 7% in just 24 hours, dropped the total crypto market cap by 9.6% to $3.01 trillion. This resulted in massive liquidations totaling $1.34 billion, affecting nearly 365,000 traders. Analysts indicate that while current sentiment is extremely negative, historical patterns show that such corrections during bull runs are not uncommon. Some believe the market could rebound after reaching a potential bottom between $83,000 and $87,000.
Source: YAHOO