Bitcoin Falls Below $98,000 Following Market Volatility and Investor Concerns

The cryptocurrency market faces a downturn as Bitcoin drops 5%, with liquidations exceeding $400 million in 24 hours.

Bitcoin's price fell to $97,000, a 5% drop, as the broader cryptocurrency market lost 6% of its total market capitalization.
Over $400 million in crypto futures positions were liquidated in the past 24 hours, with long positions accounting for the majority of losses.
Market sentiment has been influenced by concerns over Federal Reserve rate decisions, strong U.S. job market data, and rising Treasury yields pressuring risk assets.
Anticipation surrounding President-elect Donald Trump's pro-crypto policies, including plans for a national Bitcoin reserve, continues to affect investor sentiment.
Bitcoin ETFs saw nearly $1 billion in inflows recently, highlighting ongoing institutional interest despite short-term market corrections.