$BTC

Bitcoin price dipped to $91,800 on Thursday, marking its lowest in 43 days, dating back to December 9. Derivatives markets data shows concentrated BTC long positions around the $90,000 mark, as bulls move to halt the downtrend.

Bitcoin losses hit 10% as markets price in $6.5B sell-off from US Government

Bitcoin price suffered a sharp decline, dropping over 10% within two days as the market volatility intensified on Thursday.

Investor sentiment, already fragile following hotter-than-expected JOLTs jobs data, faced another bearish shock as news surfaced of an impending $6.5 billion Bitcoin sell-off by the United States (US) Government.