Bitcoin managed to surpass the $100,000 threshold, though this achievement was short-lived due to a significant crash soon after. The crash occurred between December 4 and December 5, resulting in a 13.53% decrease in Bitcoin's value.
Overall, the rapid drop wiped out more than $1.5 trillion in market value, causing concern among investors and analysts alike. Various factors have been speculated as contributing to this sudden decrease, but the precise reasons remain unclear.
This event highlights the volatility of the cryptocurrency market, particularly as it pertains to Bitcoin. Investors are watching closely to see if a recovery might occur or if further declines are imminent.
