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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.
Updated Dec 5, 2024, 10:55 p.m. Published Dec 5, 2024, 10:45 p.m.
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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