Crypto market sheds $180 billion in a day as bitcoin slides further from $100,000 milestone

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Representations of cryptocurrency Bitcoin are seen successful this illustration taken November 25, 2024. 

Dado Ruvic | Reuters

The terms of Bitcoin terms retreated further from the psychologically important $100,000 milestone, arsenic investors booked profits from the token's post-U.S. predetermination gains.

The world's largest cryptocurrency by marketplace capitalization was trading down 6.2% astatine a terms of $92,446.38 arsenic of 5:55 a.m. ET, according to CoinGecko data.

Other tokens were besides successful the red. Ether, the second-biggest coin, fell 4.2% to $3,346.86 portion Solana's sol token dropped 8.9% to commercialized astatine a terms of $231.88.

The full crypto marketplace capitalization — calculated by multiplying full coins successful circulation by terms — dropped $182 cardinal to $3.35 trillion.

This breaking quality communicative is being updated.

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