Bitcoin Price (BTC) News: Next Stop, $100K

Bitcoin's price continues to slide, moving below $102,000 and reaching its lowest since June. Over the past 24 hours, Bitcoin has dropped 4.5% and 11.8% in the last week, nearing $101,900. The market faces significant selling pressure, with a recorded decline across major cryptocurrencies, including Ethereum and Solana, which experienced drops of 5%-7%. The Fear & Greed Index has also hit 'extreme fear' levels, signaling deteriorating investor sentiment. Previous accumulations of Bitcoin by certain companies have turned into sales to cover debts, further impacting market stability. In light of these developments, observers speculate that a fall below $100,000 for Bitcoin is likely as investor confidence wanes amid persistent selling pressure.

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