Bitcoin experienced a significant drop, plunging to an intraday low of $97,750 during pre-dawn trading on Monday. This plunge wiped out approximately $90 billion from the cryptocurrency market. However, Bitcoin soon staged a recovery, rising above the crucial $100,000 mark, with a value of $101,240 by 8:15 a.m. Eastern Time. The sudden dip also triggered $900 million in liquidations, impacting the broader market.
This unexpected volatility highlights the continuing challenges and potential risks within the cryptocurrency market. While the recovery provides some relief, the substantial liquidations reflect underlying instability, reminding investors of the market's inherent unpredictability.
Источник: news.bitcoin.com ↗