Bitcoin Plunges Below $80,000 Amidst Market Crash

Bitcoin’s price experienced a sharp decline, plummeting below the crucial $80,000 mark amidst a wider crypto market crash. CoinGlass data reveals over $600 million in leveraged trading positions were liquidated as Bitcoin’s value slid quickly, leading to substantial losses for traders. 2023 saw a surge in demand and bullish sentiment around Bitcoin, with some observers even dubbing it a ‘digital gold’. However, the recent price drop has sparked renewed concerns about the cryptocurrency’s future.