The cryptocurrency space is shocked today as the top digital currency, Bitcoin, plummeted below the $90,000 level, triggering panic selling among traders. The sharp sell-off has set off more than $1 billion in liquidations on exchanges, with top altcoins such as Ethereum and Solana suffering extensively too. Analysts attribute the drop to a mixture of profit-taking following an extended rally, macroeconomic volatility, and huge whale activity. Traders are currently looking at critical support levels anxiously, questioning whether this drop hints at a larger correction or a buying point. In spite of the turmoil, not everyone is bearish, with some experts insisting that Bitcoin’s long-term fundamentals—its fixed supply and increasing adoption—remain firm. For now, the market is a rollercoaster, and investors are holding on for what comes next
