Bitcoin Plunges to $98K Amid Heightened Volatility

Bitcoin Plunges to $98K Amid Heightened Volatility

It’s been a rollercoaster of a day for Bitcoin. Its price reached a historic all-time high above $100,000 earlier, followed by a plunge toward $98,000 moments ago.
As CryptoPotato reported earlier, the move above $100K followed Donald Trump’s decision to make Paul Atkins the new Chairman of the United States Securities and Exchange Commission. In the words of the President-elect himself:
“Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. […] He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”
The price skyrocketed and reached a high of more than $104K later in the day, but the bears weren’t finished.
In the past few hours, BTC has been bleeding out and has just dropped to almost as low as $98,000 moments ago.
Source: Tradi

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