Bitcoin (BTC)

Bitcoin's Impact on Altcoins Understanding the Connection

Bitcoin’s Impact on Altcoins: Understanding the Connection

Jetking Stock Soars by 30% after Adopting BTC in “Treasury”

Jetking Stock Soars by 30% after Adopting BTC in “Treasury”

Google Willow Chip a challenge for Bitcoin security

Will Google’s Willow Quantum Chip Breach Bitcoin One Day?

SEC Seeks Insights on Bitwise Bitcoin and Ethereum ETF

SEC Seeks Insights on Bitwise Bitcoin and Ethereum ETF

Lana Negrete Appointed as the Mayor of Santa Monica

Lana Negrete Appointed as the Mayor of Santa Monica

Bitcoin Price is back at 100K with a bang

Bitcoin Price is back at $100,000 with a bang!

Regulators must not block innovation in Crypto: India's Chief Economic Advisor

Regulators must not block innovation in Crypto: India’s Chief Economic Advisor

Microsoft Shareholders Vote against the Bitcoin Proposal 

Microsoft Shareholders Vote against the Bitcoin Proposal 

MARA Bitcoin Holdings Nears $4B with Latest Purchase

MARA Bitcoin Holdings Nears $4B with Latest Purchase

Is Freezing Satoshi’s 1M BTC a “Safeguard” against Quantum Threats?

Is Freezing Satoshi’s 1M BTC a “Safeguard” against Quantum Threats?

Google's Willow Quantum Chip Sparks Bitcoin Security Debate

Google’s Willow Quantum Chip Sparks Bitcoin Security Debate  

BitGo Partners with Core DAO to Boost Bitcoin Yield

BitGo Partners with Core DAO to Boost Bitcoin Yield

China to adopt strategic Bitcoin Reserve Changpeng Zhao

China to adopt strategic Bitcoin Reserve: Changpeng Zhao

Bitcoin Drops to $97.8K - Is the Bull Run Over? Meta: Bitcoin is down to $97.8K after hitting a new record of $103.9K last week. With selling pressure increased, 204,384 traders liquidated for a total of $509.48 million Content: Bitcoin's price dropped to $97,860 today after several weeks of continuous rallies. Just days ago, Bitcoin was soaring at a record high of $103.9K, thanks to the momentum from Donald Trump winning the election on November 6. However, the price momentum quickly slowed down as Bitcoin struggled to maintain its gains in the past few days. BTC/USD Price Chart | Source: CoinMarketCap It's just not bitcoin. Other major cryptocurrencies also experienced a price fall. For instance, Ethereum briefly hit $4K earlier today but then dropped by 3%. This was also the same time around which Justin Sun sold a huge chunk of Ethereum worth $119 million to HTX, which added pressure on the market. But some altcoins are still performing well. PEPE hit a new record high, and X Empire saw a big 47% jump this week, giving some hope to investors. The selling pressure has gone over the roof. The data from Coinglass shows that 204,384 traders were liquidated for a total of $509.48 million. On top of that, the Bhutan Government sold $40 million worth of Bitcoin to QCP Capital, which added to the downward pressure. Additionally, the expiration of around 39,960 Bitcoin options contracts on December 27 left many investors worried about further price drops in the coming weeks. Plus, the Cardano Foundation's social media account got hacked, which made people more nervous about investing in crypto. Despite all this, some experts think the bull run isn’t over yet. Many believe the market will be bullish throughout next year. Some even think this could be the start of an "altcoin season," where smaller coins gain more attention as Bitcoin’s dominance fades. The Altcoin Season Index has dropped from 86 to 73 this month, showing that altcoins are holding strong grounds. Also, the Federal Reserve’s meetings and economic report including the CPI, PPI, and Import and Export price index could possibly change the market trajectory. This recent pullback might have created some uncertainty, but it could also be a chance for investors to buy at lower prices. Also Read: MicroStrategy Buys 21,550 Bitcoin for $2.1 billion

Bitcoin Drops to $97.8K – Is the Bull Run Over?

MicroStrategy Buys 21,550 Bitcoin for $2.1 billion

MicroStrategy Buys 21,550 Bitcoin for $2.1 billion

Bhutan Government Transfers $40M in Bitcoin to QCP Capital

Bhutan Government Transfers $40M in Bitcoin to QCP Capital

Bitcoin MENA Conference 2024 Kicks Off in Abu Dhabi

Bitcoin MENA Conference 2024 Kicks Off in Abu Dhabi

Amazon Shareholders Demand Bitcoin Investment for Stability

Amazon Shareholders Demand Bitcoin Investment for Stability

Analysts Predict Bitcoin Will Be Bullish Throughout 2025

Analysts Predict Bitcoin Will Be Bullish Throughout 2025

US Treasury Labels Bitcoin as "Digital Gold" in New Report

US Treasury Labels Bitcoin as “Digital Gold” in Latest Report

Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge

Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge

88 countries to represent at Bitcoin Mena

88 Countries to Join Bitcoin MENA in UAE

Bitcoin Rebounds Above $100K After Short Liquidity Grab

Bitcoin Rebounds Above $100K After Short Liquidity Grab

$894M Wiped Out in 24 Hours After Bitcoin Plunge to $90K

$894M Wiped Out in 24 Hours After Bitcoin Plunge to $90K

UK Govt.’s “Seized” Bitcoin Holding Now Valued at $6 Billion

UK Govt.’s “Seized” Bitcoin Holding Now Valued at $6 Billion

Bitcoin Ordinals Preserve Afghan War Logs for Eternity

Bitcoin Ordinals Preserve Afghan War Logs for Eternity

Peter Schiff Says Bitcoin Could Destroy The Dollar

Peter Schiff Says Bitcoin Could Destroy The Dollar

Florida Plans To Launch Bitcoin Reserve by Q1 2025

Florida Plans To Launch Bitcoin Reserve by Q1 2025

Traders Stunned as Bitcoin Drops to $90,000 on Binance

Traders Stunned as Bitcoin Drops to $90,000 on Binance

Worksport Adds Bitcoin and XRP to Treasury Strategy

Worksport Adds Bitcoin and XRP to Treasury Strategy