Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
At the time of writing, BTC is hovering just above that psychological threshold, trading near $100,900.
The drop comes amid a flurry of macro and political turbulence, including renewed trade tensions between the U.S. and China, a surprise public clash between Elon Musk and Donald Trump, and a sharp sell-off in major tech stocks—particularly Tesla.
The broader crypto market didn’t escape the fallout. In the past 24 hours, over $950 million in positions were wiped out, with a staggering $890 million in longs getting liquidated.
Bitcoin led the way with $337 million in liquidations, followed by Ethereum ($282M), Solana ($51M), Dogecoin ($27M), and XRP ($23M).
Altcoins—especially memecoins—were hit hardest, with several suffering double-digit percentage losses as volatility returned to the market in force.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.