The cryptocurrency market has plunged into a state of alarm as Bitcoin (BTC) drops below the $86,000 benchmark. The sudden decline has triggered panic among traders and widespread discussions on social media platforms, with many anxious over potential further market volatility.
At present, Bitcoin is valued at $88,275.05, reflecting a 1.67% decrease over the past 24 hours. This decline comes as the market witnesses a wave of liquidations, impacting traders and investors globally.