Bitcoin Plunges 3.5%, Leading to Major Market Liquidations

Bitcoin experienced a significant downturn today, leading to losses of over 3.5% in the past 24 hours. Its price currently hovers around $100,900, narrowly above the crucial psychological level of $100,000. The decline may be attributed to escalating geopolitical tensions between China and the US, a heated debate between Elon Musk and Donald Trump, and a general dip in US tech stocks, particularly Tesla’s performance.