Bitcoin Price Plummets Below $104K Amid Market Turmoil

Bitcoin’s value plummeted below $104,000, triggered by a wave of liquidations and amplified by geopolitical tensions. Market volatility intensified as institutional investors reportedly sold large quantities of Bitcoin, further fueling the decline. Experts predict a potential rebound to $117,000, fueled by market indicators and technical analysis. 1.6 million trading accounts were affected in the crash, with Ethereum and other altcoins experiencing losses. The turmoil was compounded by US President Trump’s announcement of new tariffs on Chinese imports. These developments highlight the volatile nature of the cryptocurrency market.