To buy Bitcoin click here ( $BTC )
Bitcoin has fallen below $100,000 after surpassing $102,000 on January 7, and is currently trading at $95,000, down 6% in 24 hours. This decline comes after a rapid 10% gain over the past week. The volatility has led to liquidations worth $695 million, with significant losses for long positions, with more than 235,000 traders losing, and the largest single liquidation was worth $17.7 million on the Binance platform.
The market was affected by a decline in US stocks and a strong dollar, in addition to US jobs data that reduced expectations of interest rate cuts. Altcoins also declined, leading to a decline in the market cap to $3.48 trillion. However, analysts believe that Bitcoin’s upward trend is still intact.
