CandleFocus Bitcoin drop to $97k as the market liquidated $565 million
2024-12-06
Author: Content Editor
Bitcoin experienced a sharp drop in price, falling below the psychological level of $100,000, after reaching a new all-time high of $103,900. This resulted in market liquidations amounting to $565 million for Bitcoin alone, and a total of $1.09 billion for the entire crypto market. Market experts consider this to be the biggest liquidation event since August. Despite the drop, there are still ambitious price targets, with Bernstein Research predicting a price target of $200,000 by 2025, and Cardano founder Charles Hoskinson projecting a price of $250,000 within 2 years.
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