BREAKING: Bitcoin Price Drops Below $100,000 – Here Are the Latest Data and Liquidations
Bitcoin (BTC), the world's largest cryptocurrency, dropped below $100,000 for the first time since June 2025, losing 6.65% of its value in 24 hours and 12.87% over the week. Its market capitalization fell to $1.99 trillion with a daily trading volume exceeding $90 billion. The decline is attributed to the Federal Reserve's announcement about not cutting interest rates in December and a potential US government shutdown. Other major cryptocurrencies, including Ethereum, XRP, BNB, Solana, Dogecoin, and Cardano, also faced significant losses. Over $1.27 billion worth of positions were liquidated in futures markets within 24 hours, mostly long positions.
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Bitcoin Falls Below $100,000
Bitcoin (BTC), the world's largest cryptocurrency, has fallen below $100,000 for the first time since June 23, 2025. At the time of writing, Bitcoin is trading below $100,000 and has lost 6.65% of its value in the last 24 hours. On a weekly basis, the decline has reached 12.87%, indicating a significant decrease in investors' risk appetite.
Market Capitalization and Trading Volume Overview
Bitcoin's market capitalization has dropped to $1.99 trillion, while the 24-hour trading volume exceeds $90 billion. Additionally, futures markets saw $1.27 billion worth of positions liquidated in the last 24 hours, with the majority of these being long positions.
Factors Behind Bitcoin's Decline
The main reason for the significant decline is attributed to the Federal Reserve's announcement that it may not cut interest rates in December and ongoing concerns over a potential government shutdown in the United States. These developments have led to increased selling pressure across the cryptocurrency market.
Impact on Other Major Cryptocurrencies
The general market downturn 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%
Liquidations in the Cryptocurrency Market
According to Coinglass data, positions worth $186 million were liquidated in the last hour alone. In total, $1.27 billion was liquidated over the past 24 hours, with $1.09 billion of the liquidations coming from long positions.