Bitcoin Price Drops Below $87K: A Week’s Gains Wipe Out in Minutes!

The cryptocurrency market experienced a dramatic price swing, sending Bitcoin below the crucial $87,000 level and wiping out an entire week of gains. This rapid decline triggered massive liquidations within just 60 minutes, causing a significant drop in the global crypto market cap. Though the price has recovered to trade near $87,200, experts warn that this volatility exposes a dangerous structural risk for Bitcoin, with some projections indicating a potential crash as low as $48,000 if crucial support levels fail.