Bitcoin (BTC) is trading at $100,546.38 as of 9:05 AM GMT-5, marking a sharp 4.14% drop (-$4,345.95) from the previous day’s close.
Earlier in the day, Bitcoin hit a low of $97,906.98, dipping below the critical $100,000 level.
Key Details:
- Day Range: $97,906.98 to $103,183.80
- Market Cap: $1.992 trillion
- 24-Hour Volume: $66.03 billion
- Circulating Supply: 19.82 million BTC
The decline is linked to global economic uncertainties, particularly concerns in the U.S. AI sector, where increased competition from China-based DeepSeek has unsettled investors.
Additionally, expectations of a hawkish Federal Reserve policy have driven a shift toward safer assets, triggering broader market selloffs.
Bitcoin’s drop highlights the ongoing volatility in the cryptocurrency market, with traders closely watching for further developments.
Disclaimer: This article is for informational purposes only and does not provide financial advice.
Leave a comment