Bitcoin Plunges Below $92,000 as Markets Experience Major Correction

The cryptocurrency market experienced a significant shift today with Bitcoin’s price falling below the crucial $92,000 threshold. According to market monitoring from BitcoinWorld, BTC currently trades at $91,982.99 on Binance’s USDT market. This decline has caught attention globally among investors as they grapple with changing market sentiment. Analysts attribute this drop to growing DeFi applications and increased institutional investments as key drivers of this recent surge.