Bitcoin (BTC) recently surged to a new all-time high, but its momentum quickly stalled as the price dropped sharply.
Late Thursday, Bitcoin’s price plummeted below $94,000, retreating from the record-high level of nearly $100,000. The sudden decline caught many off guard, as there was no clear catalyst for the drop.
According to data from CoinDesk Indices, which aggregates prices from multiple sources, Bitcoin dipped as low as $93,468.34. On platforms like Binance, it fell to approximately $90,500, while Coinbase saw a dip to around $92,000.
Interestingly, the selling pressure seemed isolated to Bitcoin, with other cryptocurrencies remaining largely unaffected by the plunge. This divergence is unusual, as crypto markets typically experience some ripple effect when Bitcoin moves sharply.
However, Bitcoin showed signs of recovery, bouncing back to above $96,000 after its brief downturn.
