The post Bitcoin Crashes Under $100K for First Time Since May, Liquidations Hit $1.3 Billion appeared on BitcoinEthereumNews.com. The price of Bitcoin continued plunging Tuesday, falling below the $100,000 mark for the first time in six months. Other top coins are falling even harder, driving $1.3 billion in liquidations over the past day. Bitcoin touched as low as $99,954 on crypto exchange Coinbase and $99,990 per price tracker CoinMarketCap before rebounding above $101,000, off more than 5% over the past 24 hours. The leading  cryptocurrency by market capitalization has fallen about 12% over the past week and more than 20% since setting a new all-time high above $126,000 in early October. The last time Bitcoin dropped below six figures was in early May. “We are still facing the aftermath of Crypto’s Black Friday. With $20 billion liquidated, many investors and traders have withdrawn funds from risk assets,” Brian Huang, co-founder and CEO of Glider, a provider of crypto portfolio management services. “There’s a clear rotation into stablecoins, which have reached all time highs in circulation.  Just 24 hours ago, when Bitcoin was priced around $107,000, Myriad users were mixed on whether Bitcoin was set to rise to a price of $120,000 or fall to $100,000. At the time, users predicted a roughly 44% chance of BTC rising to $120,000, though those odds crumbled in recent hours as Bitcoin fell. ETH showed a nearly 10% daily dive to below the $3,300 mark, with XRP falling 7.5% to $2.17, Solana dropping 8% to $154, and Dogecoin down about 7% to $0.157. Some $1.3 billion worth of positions have been liquidated over the past 24 hours from CoinGlass, outpacing the $1.1 billion tally seen Monday morning after previous losses. Over $1.1 billion of those came from long positions, or bets that the price of an asset will rise. Bitcoin leads the liquidation pile with $470 million worth, followed by Ethereum… The post Bitcoin Crashes Under $100K for First Time Since May, Liquidations Hit $1.3 Billion appeared on BitcoinEthereumNews.com. The price of Bitcoin continued plunging Tuesday, falling below the $100,000 mark for the first time in six months. Other top coins are falling even harder, driving $1.3 billion in liquidations over the past day. Bitcoin touched as low as $99,954 on crypto exchange Coinbase and $99,990 per price tracker CoinMarketCap before rebounding above $101,000, off more than 5% over the past 24 hours. The leading  cryptocurrency by market capitalization has fallen about 12% over the past week and more than 20% since setting a new all-time high above $126,000 in early October. The last time Bitcoin dropped below six figures was in early May. “We are still facing the aftermath of Crypto’s Black Friday. With $20 billion liquidated, many investors and traders have withdrawn funds from risk assets,” Brian Huang, co-founder and CEO of Glider, a provider of crypto portfolio management services. “There’s a clear rotation into stablecoins, which have reached all time highs in circulation.  Just 24 hours ago, when Bitcoin was priced around $107,000, Myriad users were mixed on whether Bitcoin was set to rise to a price of $120,000 or fall to $100,000. At the time, users predicted a roughly 44% chance of BTC rising to $120,000, though those odds crumbled in recent hours as Bitcoin fell. ETH showed a nearly 10% daily dive to below the $3,300 mark, with XRP falling 7.5% to $2.17, Solana dropping 8% to $154, and Dogecoin down about 7% to $0.157. Some $1.3 billion worth of positions have been liquidated over the past 24 hours from CoinGlass, outpacing the $1.1 billion tally seen Monday morning after previous losses. Over $1.1 billion of those came from long positions, or bets that the price of an asset will rise. Bitcoin leads the liquidation pile with $470 million worth, followed by Ethereum…