Cryptocurrency Market Plunges: Bitcoin Slides Below $104,000

The cryptocurrency market experienced a significant drop this past week as Bitcoin (BTC) plummeted below the $104,000 threshold. Major altcoins like Ethereum (ETH), Binance Coin (BNB), XRP, Solana (SOL), and Dogecoin (DOGE) also suffered substantial declines. This downturn led to investors labeling it ‘Bloody Friday’. The sell-off began last Friday, triggered by a drop in Bitcoin from $122,000 to its current three-month low of below $104,000 on various exchanges.