Crypto Market Consolidation Sees Bitcoin Price Drop Under $105,000 as Market Liquidations Cross $1.1 Billion
Bitcoin dropped below $105,000 (roughly Rs. 92.9 lakh) on Tuesday as $1.1 billion (roughly Rs. 9,740 crore) worth of crypto positions were liquidated amid a global liquidity squeeze. Ethereum fell to $3,500 (roughly Rs. 3.12 lakh), while altcoins like Solana, BNB, and Dogecoin saw steep declines. Analysts suggest the volatility marks a correction phase rather than panic, with long-term investors eyeing accumulation opportunities.
