Bitcoin Dips Below $100,000 Amid Broader Risk Asset Retreat
Bitcoin Dips Below $100,000 Amid Broader Risk Asset Retreat
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Bitcoin experienced a notable dip, falling below the $100,000 mark, indicating fading demand and increased selling pressure from long-term holders. This movement is part of a wider retreat across various risk assets observed on Thursday.
Bitcoin's Price Action Reflects Broader Market Caution
Thursday saw a general withdrawal of investors from risk assets, leading to a significant slide in Bitcoin's valuation. The cryptocurrency's breach of the $100,000 threshold suggests a weakening demand and a trend of increased selling activities, particularly from long-term holders. This market behavior points to a cautious sentiment prevailing across the investment landscape.