Bitcoin & Crypto Market Plummet: What’s Driving Today’s Dip?

Bitcoin experienced a sharp decline, dropping below $110,000, dragging the broader cryptocurrency market with it. This downward trend is fueled by over $400 million in liquidations and concerns about long-term selling by investors. The drop comes following Bitcoin’s strong performance at the beginning of October, causing investor anxieties. Currently, Bitcoin prices are hovering around $108,068 after a 2.62% decrease in the last 24 hours. A key factor driving this market movement is the recent wave of liquidations, which have resulted in significant capital flowing out of the cryptocurrency ecosystem.