Bitcoin Plunges Below $100K for First Time Since June as Crypto Correction Worsens

Bitcoin has recently fallen below the $100,000 mark for the first time since June, representing a significant decline in its value. This drop amounts to over 20% from its record high of more than $126,000 reached just a month ago. The decrease underscores the ongoing difficulties faced by the cryptocurrency market, which has been experiencing a broader correction. This downturn reflects volatility within the sector and signals potential challenges for investors and market participants. The correction has persisted over the past few months, indicating that the market has yet to stabilize following its previous peak. Such fluctuations are notable given Bitcoin's status as a leading digital asset. The current situation continues to attract attention as stakeholders monitor developments closely.