Bitcoin Crashed Below $94K in Sudden Plunge From Record Perch Around $100K

Bitcoin’s (BTC) price plunged below $94,000 late Thursday in rapid retreat from its newfound all-time high around $100,000.

There was no immediately obvious reason for the drop.

CoinDesk Indices data, which incorporates prices from several sources, shows bitcoin dropped as low as $93,468.34. Meanwhile, it got to about $90,500 on Binance and $92,000 on Coinbase.

The selling did not spread across the rest of crypto — which is unusual. While bitcoin went into freefall, other tokens didn’t really budge.

Bitcoin then rebounded back above $96,000.