Bitcoin Plunges Below $108,000: Unpredictable Market Drop Sparks Investor Concerns

Bitcoin’s value recently plummeted below the $108,000 mark, marking a significant drop and leaving investors surprised. This unexpected decline triggered the liquidation of approximately $137 million worth of leveraged long positions, as market participants grappled with potential causes ranging from broader macroeconomic pressures to specific events within the cryptocurrency market itself. The sudden price shift coincided with a notable dip in the Nasdaq 100 Index, which fell by 1.2%, driven largely by worries about the stability of the artificial intelligence sector.