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Bitcoin Crashed Below $94K in Sudden Plunge From Record Perch Around $100K

BTC has been red-hot lately, taking out a milestone, but the bottom just fell out.

Door Nick Baker|Bewerkt door Nikhilesh De
Bijgewerkt 5 dec 2024, 10:55 p..m.. Gepubliceerd 5 dec 2024, 10:45 p..m.. Vertaald door AI
A skeleton in freefall
Bitcoin went into freefall after topping $100,000.(Cash Macanaya/Unsplash)

Bitcoin's (BTC) price plunged below $94,000 late Thursday in rapid retreat from its newfound all-time high around $100,000.

There was no immediately obvious reason for the drop.

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CoinDesk Indices data, which incorporates prices from several sources, shows bitcoin dropped as low as $93,468.34. Meanwhile, it got to about $90,500 on Binance and $92,000 on Coinbase.

The selling did not spread across the rest of crypto — which is unusual. While bitcoin went into freefall, other tokens didn't really budge.

Bitcoin then rebounded back above $96,000.

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

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K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.

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  • K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
  • The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
  • With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.