Bitcoin’s (<a href=”https://www.coindesk.com/price/bitcoin” target=”_blank”>BTC</a>) 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.