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🚨 #Bitcoin Takes a Sharp Dive! 🚨
The crypto market has witnessed a massive shake-up over the last 24 hours as BTC/USDT plunged by nearly -9%, losing over $10,900 in value!
📊 BTC/USDT Key Metrics:
Current Price: $110,234.3
24h Change: -$10,900.5 (-9.00%)
24h High: $122,530.0
24h Low: $102,156.3
24h Volume: 39.45K BTC
Turnover: $4.54B
This sudden crash has sent shockwaves across the entire crypto market — major altcoins like ETH, SOL, and XRP have also seen steep declines as investor sentiment turned risk-averse.
The reason behind this steep fall appears to be a mix of macroeconomic tension, including:
💥 Heightened uncertainty over U.S. fiscal policies and government budget deadlocks.
💥 Increasing fear of a potential government shutdown, pushing investors toward gold and cash.
💥 A surge in market volatility as traders rushed to secure profits after Bitcoin’s recent all-time highs.
Despite the selloff, long-term holders remain confident, viewing this dip as a potential accumulation opportunity. Bitcoin’s fundamentals stay strong, and institutional demand continues to build in the background.
👉 What’s next for BTC? Will it rebound from $102K support or dip further before recovery?
Stay tuned to Gate.io for live market updates and in-depth analysis!
#BTC #BitcoinCrash #CryptoMarket #CryptoNews