Bitcoin Plunges Below $105,000 Amidst Market Volatility

Bitcoin briefly slipped below the critical $105,000 mark, triggering a wave of market-wide selling and substantial liquidations. This price decline stemmed from geopolitical factors and unsettling U.S. inflation data. The dip’s impact resonated across crypto assets like Ethereum and Ripple. Key players involved included institutional investors, miners, and traders, who responded to the dynamic market fluctuations. Approximately $636 million in leveraged positions were liquidated as a consequence of this volatility.