Bitcoin's price dropped below $100,000, experiencing a 6.4% decline in the past 24 hours. This led to significant liquidations in the crypto derivatives market. Other major altcoins, including Ethereum, Solana, Chainlink, and Dogecoin, also suffered losses. The market slump is attributed to US Fed Chairman Jerome Powell's statement about the country's interest rate policy, causing uncertainty among investors. Additionally, there is a looming government shutdown as President-elect Donald Trump demands action on the national debt ceiling. At the time of press, Bitcoin is ranked number one by market cap but has seen a 5.64% decrease in price.



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