The cryptocurrency market has faced a major dip, with Bitcoin (BTC) touching the $86,000 mark. This recent decline has sparked panic across social media platforms, as traders watch closely for further volatility. As of the latest data, Bitcoin is priced at $88,275.05, marking a 1.67% drop in the past 24 hours.
Bitcoin’s price performance saw a daily low of $86,000.23 and a high of $89,557.54, with the asset still maintaining an impressive all-time high of $109,114.88 reached just one month ago, on January 20, 2025.
Market Turmoil and Liquidations
The drop in Bitcoin’s value has led to a surge in liquidations across the market. In total, nearly $1.5 billion in value was wiped out across the cryptocurrency markets w