On December 5, Bitcoin marked a significant milestone by reaching the $100,000 mark. However, this achievement was short-lived as the cryptocurrency's value fell to $96,902.91 by day's end. The fluctuation highlighted the volatile nature of cryptocurrency markets.
Several factors are currently being examined to understand why Bitcoin couldn't sustain this landmark value. These include market supply and demand dynamics, external market conditions, and possibly market manipulation. Continuous scrutiny and analysis seek to uncover the key elements driving Bitcoin's price volatility.