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Bitcoin's big stumble š±
The jubilation from Bitcoin reclaiming six figures has been replaced with shock following a steep drop and $646 million worth of liquidated derivatives contracts.
Stacy Elliott
January 08, 2025
Together with:
š What you need to know
It was all going so well until it wasnāt.
Late last night the Bitcoin price slid below $100,000 after having only reached it for the first time in 2025 the day before. Then the bad news got worse.
In the past 24 hours, Bitcoin has sunk all the way below $93,000 and hasnāt shown much upward momentum. What gives? To hear analysts tell it, traders didnāt like the look of the Federal Reserveās latest dot plot.
But clever traders will always find a silver lining. The current volatility is āpresenting opportunities for strategic positioning rather than a straightforward bullish trend,ā 10x Researchās Markus Thielen wrote.
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