In a Sharp Decline, Bitcoin Fell Under $94K from Its Peak Around $100K.

Bitcoin (BTC) has been on a strong upward trajectory recently, but its momentum came to an abrupt halt.

Late Thursday, the price of Bitcoin tumbled below $94,000, quickly retreating from its recent all-time high of around $100,000.

The reason behind the sudden drop wasn’t immediately clear, and there was no significant news or event driving the move.

According to CoinDesk Indices, which aggregates data from multiple exchanges, Bitcoin fell as low as $93,468.34. On Binance, it briefly touched $90,500, while Coinbase recorded a low of approximately $92,000.

Interestingly, the price drop was almost exclusively limited to Bitcoin, with other cryptocurrencies remaining largely unaffected. This is atypical, as significant moves in Bitcoin often influence the broader market.

However, Bitcoin quickly regained some ground, bouncing back above $96,000 after the rapid decline.