How low will Bitcoin go? Regional US ‘bank stress’ pushes BTC toward $100K
Bitcoin plunged to $104,500 in the spot market as signs of credit strain in US regional banks reignited fears of a broader market sell-off.
Key takeaways:
US regional bank stress hit markets as auto sector bankruptcies exposed risky loans, sending financial stock prices sinking.
Bitcoin fell below the 200-day SMA, dropping to $104,500 amid $1.2 billion crypto liquidations.