After reaching an all-time high of nearly $100,000 last week, Bitcoin (BTC) has now fallen below the critical support level of $97,000. This latest drop comes amidst a broader market sell-off that has seen most major cryptocurrencies lose value. According to data from Coinys Market Monitoring, BTC fell below $97,000 earlier today. As of Binance's USDT market, BTC is currently trading at $96,972. The drop below $97,000 is a significant technical development, as this level has been acting as a strong support for BTC in recent weeks. The sell-off in BTC comes as the overall cryptocurrency market continues to correct from its recent highs. Ethereum (ETH) has also fallen below $4,000, while Binance Coin (BNB) has dropped below $600. The broader market sell-off is likely due to a combination of factors, including profit-taking by investors, concerns over regulatory crackdowns on cryptocurrencies, and the recent hack of the Binance Smart Chain. It is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As such, it is important to exercise caution when investing in cryptocurrencies.

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