Crypto Market Crash Deepens: Will Bitcoin Fall Below $100,000?
The crypto market crash seems to be deepening. CoinGecko data shows that Bitcoin’s (BTC) price has fallen to the $107,000 price level, and the global market cap has dipped 4.4% in the last 24 hours to $3.72 trillion. BTC is barely holding on to the $107k price point. The original cryptocurrency’s trajectory will determine where the larger market goes. CoinGecko highlights that BTC’s price has fallen 3.9% in the last 24 hours, 11.7% in the last week, 10.9% in the 14-day charts, and 7.9% over the previous month. Let’s discuss if Bitcoin’s (BTC) price faces a threat of falling below the $100,000 price level. Source: CoinGecko Will the Market Crash Pull Bitcoin Below $100,000? The latest market crash has been one of the most significant corrections in crypto history. The dip was likely triggered by trade disputes between the US and China. While there was a slight recovery, the rally did not last. According to CoinGlass data, the crypto market has seen more than...