Bitcoin Price Dips Below $104,000 Amid Market Turmoil

Bitcoin’s price tumbled below the $104,000 threshold, fueling volatility in the cryptocurrency market. The decline triggered approximately a billion dollars in liquidations as traders adjust their positions. This move reflects broader market fluctuations influenced by geopolitical tensions and profit-taking following recent price surges. While analysts remain cautious about potential further drops, suggesting Bitcoin might continue to weaken before stabilizing, others are anticipating future shifts.