Bitcoin Plunges 10% in a Week...Breaks Below $100,000 [Crypto Briefing]

[Financial News] On the 5th, Bitcoin (BTC) fell below the $100,000 mark, breaking a key psychological support level.
According to global digital asset information platform CoinMarketCap, as of 11 a. m.
61% from the previous day (24 hours). Over the past week, BTC has plummeted 10%, at one point dropping to $99,000.
The decline in BTC prices has spilled over into the derivatives market, triggering large-scale liquidations of leveraged positions. Data from Coinglass shows that more than $1 billion in leveraged positions across all digital assets were liquidated in a single day.
An industry insider explained, "Compared to traditional financial markets, digital assets have lower liquidity, making them structurally prone to leverage liquidations even from minor shocks. In particular, since the digital asset market operates 24/7, algorithm-based automatic liquidations can rapidly spread shocks throughout the market.
49% from the previous day, trading around $3,257, while Altcoins broadly weakened as well.
49% from the previous day, trading around $3,257, while Altcoins broadly weakened as well.
elikim@fnnews.com Kim Mi-hee Reporter