Bitcoin’s Market Value Falls Below $92,000 Amid Reports of Liquidation and Market Uncertainty
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Bitcoin (BTC) Slips Below $92,000 Amid High Liquidation
As 2024 draws to a close, the largest cryptocurrency, Bitcoin (BTC), has plummeted below $92,000, recording a 2.67% drop amidst growing concerns of hyper-liquidation rumors in the community. At the time of writing, BTC is trading at approximately $91,814, as per CoinMarketCap.
The sudden and sharp decline comes on the heels of speculation surrounding a massive dump linked to Bitcoin’s negative correlation with the USDT Dominance Index. This drastic drop has put investors on high alert, sparking widespread uncertainty in the market.
Meanwhile, MicroStrategy’s CEO, Michael Saylor, has made headlines by announcing the acquisition of an additional 2,138 BTC for approximately $209 million at $97,837 per Bitcoin, bringing their total holdings to a staggering 446,400 Bitcoins.
Source: www.cryptonewsz.com
