Bitcoin Drops to $98K And $693M Liquidated in 24 hr

Bitcoin fell below $99K and touched $98.2K before recovering to trade slightly above $101K. Bitcoin plunged to $98,237.68, breaking below the crucial $99K mark before …

Buyers managed to hold the line and triggered a bounce.
Source: TradingViewFrom its recent high of $111,381.29, Bitcoin has shed several support levels. Related: Bitcoin Leads the Market as Ethereum Slides Below EMA LevelsEthereum Sinks Below Key Support RangeEthereum (ETH) plunged to a multi-week low of $2,115.09 before bouncing to $2,237.90. Market sentiment hinges on Friday’s release of the May PCE inflation report– the Fed’s preferred metric for pricing pressures.

The post Bitcoin Drops to $98K And $693M Liquidated in 24 Hours appeared first on Cryptotale.

Buyers managed to hold the line and triggered a bounce.
Source: TradingViewFrom its recent high of $111,381.29, Bitcoin has shed several support levels. If Bitcoin fails to hold above $100,000, attention might shift to the 1.272 Fibonacci extension seen at $94,572.34. Related: Bitcoin Leads the Market as Ethereum Slides Below EMA LevelsEthereum Sinks Below Key Support RangeEthereum (ETH) plunged to a multi-week low of $2,115.09 before bouncing to $2,237.90. As the tension between Israel and Iran ramped up over the past week, Bitcoin price fell almost 5%. Market sentiment hinges on Friday’s release of the May PCE inflation report– the Fed’s preferred metric for pricing pressures.

The post Bitcoin Drops to $98K And $693M Liquidated in 24 Hours appeared first on Cryptotale.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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