Bitcoin's price has taken a hit today, dropping by 7% and currently trading at around $92,368. This sudden decline has wiped out some of the gains made over the past week. However, it's worth noting that Bitcoin's price is still up by 37% in the past month and 144% in the past year.
The exact reason for this sudden drop is unclear, but it's not uncommon for the cryptocurrency market to experience flash crashes. These events can be triggered by a variety of factors, including market volatility, regulatory changes, or large-scale sell-offs.