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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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Bitcoin Price Forecast: BTC Slips Below $99K, Erasing $860 Million

Emily Hayes
Emily Hayes

Emily Hayes

Emily is a blockchain enthusiast and cryptocurrency analyst who has...

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Emily Hayes

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Bitcoin’s price fell below the critical $99K level, triggering a sell-off that wiped nearly $860 million from the cryptocurrency market in just hours. This drop marks one of the most significant downturns in recent months, leaving investors cautious about the asset’s near-term trajectory. Analysts point to a combination of market over-leverage and heightened macroeconomic uncertainty as key drivers of the decline.

BTC/USDT daily chart as of January 27, 2025
Source – FXStreet

The sudden dip disrupted Bitcoin’s recent rally, which had been fueled by optimism surrounding regulatory developments and institutional adoption. Traders liquidated long positions at an accelerated rate, intensifying the price movement. Despite this setback, some industry experts argue that Bitcoin’s long-term fundamentals remain intact, suggesting the potential for recovery in the coming weeks.

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