Bitcoin’s price has dropped to $94,903.53, reflecting a 5.86% decline in 24 hours, with a market cap of $1.88 trillion. A wave of liquidations totaling $694.11 million, driven by negative U.S. economic data, has heightened bearish sentiment, as institutional inflows slow significantly. Analysts warn of potential further declines to $88,000, while the upcoming inauguration of President-elect Donald Trump may increase market volatility.
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0 in Finance and 0 in Crypto last weekBitcoin Price Plummets Amid Job Data and Market Manipulation Concerns
Bitcoin experienced a significant drop, falling over 4% and erasing more than $4,000 in value, primarily triggered by strong U.S. job data and market manipulation tactics like spoofing. With BTC now below $98,000, traders are concerned about potential bearish trends, with predictions suggesting a test of the $92,000 lows if key support levels fail. As volatility looms, the market awaits Bitcoin’s ability to stabilize and recover.
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