Bitcoin Plunges Below $100,000 Amidst Market Downturn

Bitcoin’s price has fallen below $100,000 for the first time since June 2025, signaling a significant drop in investor confidence. Recent data reveals that Bitcoin trading volume is exceeding $90 billion, and approximately $1.27 billion worth of positions were liquidated from futures markets in the last 24 hours, mostly comprised of long positions. This decline is attributed to the Federal Reserve’s potential delay in interest rate cuts and ongoing concerns regarding the US government shutdown. The broader crypto market has also experienced a sharp downturn with notable price drops across major altcoins like Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Cardano (ADA). According to Coinglass, liquidations surged in recent hours, totaling $186 million, largely driven by long position closures. This article is for informational purposes only and does not constitute financial advice.