Bitcoin (BTC) experienced a significant drop after hitting record highs, falling sharply from its near $100,000 peak.
Late Thursday, Bitcoin’s price plummeted below $94,000, retreating swiftly from the all-time high it had just reached around $100,000.
The reason for the sudden dip remains unclear, as there were no immediate triggers to explain the price movement.
According to CoinDesk Indices, which tracks prices from various sources, Bitcoin hit a low of $93,468.34, while on Binance it briefly dipped to $90,500, and on Coinbase it fell to around $92,000.
Interestingly, this sharp decline was not mirrored by a similar drop in other cryptocurrencies. While Bitcoin tumbled, the rest of the crypto market remained relatively stable.
Bitcoin quickly regained some of its losses, bouncing back above $96,000 in a rapid recovery.
