The price of Bitcoin (BTC) has shed most of the gains it accrued in early trading hours after the industry faced another major hack event. Bitcoin price, on pace to breach the $100,000 price mark, is now fighting to hold the $96,000 support zone.
Bitcoin Price Rise and Fall
At the time of writing, Bitcoin’s price dropped slightly below the $96,000 mark. Per data from CoinMarketCap, BTC’s price changed hands for $95,885, down by 2.23% in the past 24 hours. There is a high level of volatility around this price level as the coin dropped from a daily high of $99,497.96 to a low of $95,829.33.
While the coin has not dropped below $90,000 since it crossed that level in mid-November 2024, it also finds the $100,000 resistance level hard to breach. However, BTC price generally reclaims its All-Time High (ATH) at least once a month, a trend it has not repeated in February.
Despite the early signs of recovery, an earlier CoinGape BTC price analysis shows a cautious signal in the coin’s tr
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