Bitcoin's price has plummeted to around $90,000, a sharp decline from its recent high of nearly $100,000 earlier this week. This sudden correction has wiped out approximately $200 billion from the total cryptocurrency market, reducing its value to about $3 trillion.
Traders are now on edge following a report suggesting a significant Wall Street shift could impact Bitcoin in 2025. Adding to concerns, crypto billionaire Michael Novogratz has issued a warning that Bitcoin might dip further to $80,000 before potentially rebounding.
Market participants will be closely monitoring these developments, particularly as institutional interest and macroeconomic factors continue to influence crypto prices.