Bitcoin Magazine Bitcoin Price Crashes to $94,000 and New Six-Month Lows

Bitcoin price fell sharply today, sliding from an intraday high of $104,000 to $94,480, wiping out earlier gains and marking a decisive breakdown in price action.

Twelve hours ago, the Bitcoin price hit above $100,000 and then consistently bled down from the upper $101,000s to lows of $94,480.

Ethereum dropped below $3,100 at times and crypto stocks like Coinbase ($COIN) and Strategy ($MSTR) are trading in the red in pre-market trading.

Also, the Bitcoin Fear and Greed Index has plunged to a new “Extreme Fear” low, signaling deep market anxiety even as long-term holders stay the course.

The price dropped to these levels after weeks of weakening demand, heavy long-term holder sell-offs, and persistent outflows fro

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