Bitcoin's bullish momentum was shattered as its price plunged to $97K, stirring up a dramatic $206 million in liquidations within an hour. This sharp downturn not only slashed Bitcoin's value but dragged the entire crypto market cap down by 4.5%, settling at $3.44 trillion.
The fallout from Bitcoin's nosedive reverberated across the crypto space, as major altcoins like Ethereum, XRP, and Solana experienced a decline of over 5% within 24 hours. This massive sell-off has sent ripples through the crypto world, raising concerns among investors and traders alike.
