After kicking off the year strong by reaching $102K, Bitcoin's now facing a major pullback. The digital currency saw its value drop by 10% to $93k on January 9th.
This drop coincided with a significant sell-off of Bitcoin ETFs in the U.S., marking the second-largest daily outflow on record.
This has sparked concerns about whether Bitcoin might dip further, potentially even reaching $90K.
The situation is putting pressure on investors and traders alike as they navigate these turbulent market conditions.