Bitcoin Hits Yearly Low, Shiba Inu Plummets, Solana Near $100

Bitcoin has plunged to its lowest point in over a year, breaking below crucial support levels that could signal further declines. The leading cryptocurrency has now traded under the crucial $92,000 threshold and is currently hovering at around $88,835 after dropping almost 3% over the past day. This recent slide comes as Bitcoin has broken out of a sideways channel with resistance near $108,000 and support around $92,000. This breakdown weakens key support levels for Bitcoin in the coming days.