Bitcoin's value dropped to a low of $97,750 but has since recovered slightly above the $100,000 mark. The cryptocurrency market as a whole experienced a contraction of $90 billion, with a 5.35% decline in the past 24 hours. Bitcoin's market cap decreased by 4.1% and reached its lowest point at $97,750 before rebounding. The trading volume for bitcoin is $59.07 billion, accounting for a significant portion of the overall crypto market. Altcoins like XRP and SOL faced larger losses, increasing bitcoin's dominance in the market to 58.3%. Derivatives were also affected, with $903.88 million in liquidations and a significant number of traders being liquidated. At 8:50 a.m., bitcoin was trading at $100,590 per unit.



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