Bitcoin's Sub-$100K Slide Sparks Major Market Downturn
Bitcoin's Sub-$100K Slide Sparks Major Market Downturn
Bitcoin Falls Below $100,000 Amid Severe Market Pressure
On Friday, December 20, cryptocurrency markets faced severe downward pressure as Bitcoin plunged below the $100,000 threshold. According to CoinGlass data, this steep decline, fueled by a widespread spot price selloff and a financing reset, wiped out $1.4 billion in leveraged positions across the digital asset market.
Federal Reserve Announcement Triggers Selloff
The U.S. Federal ...
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