The world's largest cryptocurrency, Bitcoin (BTC), has fallen below $100,000 for the first time since June 23, 0 the time of writing, Bitcoin is trading below $100,000 and has lost 6.65% of its value in the last 24 1 a weekly basis, the decline has reached 12.87%, indicating a significant decrease in investors' risk appetite. Bitcoin's market capitalization fell to $1.99 trillion, while 24-hour trading volume exceeded $90 billion. Additionally, $1.27 billion worth of positions were liquidated in futures markets over the last 24 2 positions accounted for the majority of the 3 chart showing BTC price falling below $100,000. The main reason for the decline is thought to be the Fed's announcement that it may not cut interest rates in December and the government shutdown in the 4 News: Developers of the Altcoin Praised by Vitalik Buterin Announce a Major Update The general selling pressure in the market has also been reflected in other major cryptocurrencies: Ethereum (ETH): $3,268, down 10.56% XRP (XRP): $2.17, down 8.22% BNB (BNB): $914, down 8.59% Solana (SOL): $153, down 9.35% Dogecoin (DOGE): $0.155, down 8.62% Cardano (ADA): $0.51, down 9.14% According to Coinglass data, positions worth $186 million were liquidated in the last hour, and a total of $1.27 billion in the last 24 hours. $1.09 billion of this consisted of long positions. *This is not investment 5 Reading: BREAKING: Bitcoin Price Drops Below $100,000 – Here Are the Latest Data and Liquidations
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