[Breaking News] Bitcoin plunge…Psychological support level 100,000 Dollars collapse

Bitcoin price plummeted, and the $100,000 level, which investors were watching, collapsed. As of the 21st (local time), Bitcoin fell to the $99,000 level at one point, showing a sharp decline on major cryptocurrency exchanges.

This decline appears to be due to a combination of geopolitical instability related to the US airstrike on Iranian nuclear facilities, and market uncertainty due to the delay in the timing of interest rate cuts. At the same time, short-term profit-taking is also increasing.

Market experts analyzed that $100,000 was an important psychological and technical support level for maintaining Bitcoin's upward trend, and if a departure is confirmed, the possibility of further decline cannot be ruled out. The volatility of the market is expected to expand for the time being.