Bitcoin drops below $2 trillion market cap

The recent decline in Bitcoin's price to under $100,000 and its market cap dropping below $2 trillion reflects a broader trend of volatility in the cryptocurrency market. This situation is exacerbated by the liquidation of $300 million in crypto longs, highlighting the risks faced by investors. Despite this downturn, some institutional investors, like Michael Saylor, are adopting aggressive acquisition strategies, indicating a potential long-term confidence in digital assets. Overall, the current market conditions are characterized by uncertainty and caution, impacting investor behavior significantly.