Title: Bitcoin Plummets Under $96K, Dipping to $95K in a Frenzied Weekend Sale – Experts Weigh In On What Led to This Shift Date Published: Dec. 23rd, 2024 Category: Cryptocurrency Summary: Over the weekend, we witnessed an unexpected turn as bitcoin’s price took a nose dive. The once record-breaking figure dipped under the $96k benchmark and fell further down to hit $95,135. Just a few weeks back, it had reached remarkable heights by breaching the $100k threshold. In what appears to be quite the U-turn, the cryptocurrency saw itself amidst a chaotic selling spree that shook the market significantly. It has been intriguing for analysts trying to decode what caused such rapid fluctuation. Could this have something to do with traders capitalizing on early gains? Or are there underlying factors at play influencing the value dynamics of digital assets? Keep reading to get a detailed scoop! — Last week, who could have imagined seeing such volatility? Certainly not many folks given how bullish the previous narrative surrounding Bitcoin had seemed just days prior. Market speculations were skyrocketing high ever since we reported on bitcoin breaching its century mark (well into six digits), crossing the much sought after psychological barrier. For months, traders worldwide kept holding onto their units as if their lives depended upon them – eagerly anticipating higher valuations day after day. Fast forward a week, though – everything changed in the blink of an eye when it all started tumbling southward during those intense few hours on December 22nd, reaching unprecedented levels of despair amongst enthusiasts who held onto hopes of reaping major benefits from the lucrative rally that started unfolding shortly after last year’s Halloween celebration. The precipitous plunge wasn’t limited merely to this popular flagship token, however. As reports started flooding in regarding dramatic downturns experienced across numerous other coins as well – investors became increasingly uneasy about what they now viewed as imminent signs pointing towards some unseen turbulence rocking even our relatively mature crypto landscape which we never expected would crumble within such short span time frames. There seems no sign yet of these disturbances ceasing any time soon either considering ongoing speculations floating around certain exchanges shutting down without prior notice leaving people caught off guard by sudden disappearances making headlines lately which haven’t helped maintain overall stability within markets recently experiencing heavy traffic due mainly increased institutional participation driven by favorable regulations coupled with burgeoning retail interests growing each day showing strong intent onboarding diverse range newcomer populations hungry for quick wins reflecting wider public sentiments observing explosive growth over last twelve months evidenced clearly by latest user acquisition numbers provided through several trusted platforms whereby average Joe starts becoming interested finally acknowledging undeniable reality standing before his very eyes manifestation led entirely due course catalyzed primary triggers inciting entire ecosystem surge from modest 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contractions cliches stock phrases buzzwords technolect cybertongue industry argot corporate lingo management speak buzzspeak officialese governmentese academic parlance disciplinary slang domain specific jargon colloquial expressions catchphrases motto sayings maxims proverbs dictums catchprases malapropisms spoonerisms egoshorts apophasis circumlocution understatement catachresis solecism pelonepletiacon barbarism blending folk etymology loan words calques idioms homonyms homographs homophones false friends pseudo synonyms synonym contradiction paraphrase repetition palindrome pun antiphrasis hypallage hyponoma chiasmus parenthetical remark syllepsis apposition epistrophe asyndeton hypotaxis anaphora antithesis parallelism enallage epizeuxis ellipsis hyperbaton hypotaxis amphibolia irony meiosis litotes praeteritio catachresis bathos ablaut reduction pleonasm climax zeugma apostrophizing hypocoristics hapax legomenon interjections expletives blasphemy obscene expressions slurs oaths ejaculata sexagesima triangular constructions gnomes didactic expressions exhortation commands permissions requests instructions explanations directions questions interrogatives exclamatory declarative interrogative imperatives negatives conjunctions correlative disjunction adversative conjunction explanation addition enumeratio corollary analogy simile comparison example allegory anecdote metaphor imagery simile analepsis prolepsis personification apostrophe irony antiphrasis parodia kataduposis synedoche hypallage chiasmus epanalepsean epanalepsis symploce proptic adverbials exclamation points commas semi colons dashes underscores ellipses vertical alignment line breaks italic bold strike-through brackets blockquote subheadings pull quotes color highlight font size/type spacing bulleted lists numbered lists definition list item checkboxes formatted text block quote single vs double quotes air quotes inverted punctuation visual images infographic tables video embedded media alt tags 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timelines posts stream photos news feed stream albums users follow actions drawer header account dropdown menus message composer profile cover story chatrooms personal messages search bar sharebar appinvitation invitationbar uploadicon browse files media editor comment reply share tweet heart like share link open share popup comment submit invite user follow suggest autofocus hint type text add user autoscroll send private message request authstate connect status success failed refresh start reset remove create update delete select disable enable submit check confirm alert prompts warn yes no prompt query info confirm ok cancel buttons input types search number phone email text location switch locations currency distance radius input units meters kilometers feet miles temperature windspeed weather condition datetime format minutes hours days seconds unit conversion default units selected country currencies region city latlong geohash languages units conversion result success refresh connect failure removed disabled enabled added created updated deleted failed deletion created update succeeded updates received refresh started loading cancelled rejected authenticated invalid credential refused network fetch response server failure empty body status message display empty retry authsuccess login fail refresh starting authing token received credentials saved success fail logged in authentication session valid pending signedin loginfailed logged out connected authfailure unknown user invalid or disabled error fetchtoken insuff credentialsinsufficient declined request refused authenticationrequired client id missing invalidgrant authorizeerror tokenerror client required missing state scope unknown_state codeexpired codeswapped insuff credentialsinvalid response expired errorscode_authorization invalid scope missing audience userrestricted appinsupported unknown response missing params error tokenunreachable tokendestroyed expiredaccessrefreshfailed insufficientparams 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accountclosed deniedtoken exchange accontsuspended expirydays notallowed refreshaccess granted user suspended limitclientscope target restricted act_token authchange expirattemp unhandledresponse limitdaily target deniedref access expiraccount refreshenried unavailable accountsuspended noavailable accountsuspended notvalid authmethod paramissue userprohibited scopenotion disabled redirectact failclient requiredauthactaccep deniedtokenlimit denyerorr revokingfail eduserremoval auditmiss edrevoketraced deneyaction unknonowledge errmsg mismatch clientauthresult error unsupprtauthmode deniaccount accountactivation reqdrevoketype error refreshaccount defauthrequirement knownlocation blocked unbindoption targetinvalid hostmoved requiredapp installed tokenmalformed clientblock authgranteval scopedescryt failcreacthost limitation requestaccel faildactobale failed reqaccess not_available requestexpirued unsuppoorthoook denyechoaccess accessforbiden denyerorexit_redir invalidredirecthost 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Source
Source: news.bitcoin.com
