Bitcoin Price Crashes! Will BTC Drop Below $100K Today?

Last updated: June 6, 2025 6:33 PM

Published June 6, 2025 3:15 AM

Last updated: June 6, 2025 6:33 PM

Published June 6, 2025 3:15 AM

Bitcoin Price Crashes! Will Btc Drop Below $100K Today?

Bitcoin is on the verge of slipping below the crucial $100,000 psychological mark, trading at $100,992.72 as of writing on Thursday, June 5. The world’s largest cryptocurrency is down more than 4% over the last 24hrs.

The market cap is retreating to $2 trillion, according to CoinMarketCap data. The latest price chart shows an accelerated downward move that began late on June 5, with volume surging past $54 billion—a 21% spike suggesting heavy liquidation or panic sell-off.

Bitcoin Price Chart- Source: Coinmarketcap — Source: CoinMarketCap

Despite a community sentiment still leaning bullish (82% positive), the current technical trend reflects bearish momentum, especially after failing to hold the $104K-$105K consolidation zone.

The ongoing downtrend is part of the crypto market crash that has already wiped off $595 million in liquidations.

Also Read: Crypto Market Crash: 3 Reasons Why BTC, ETH, XRP Dropped Suddenly

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By Jahnu Jagtap

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Jahnu Jagtap is the Managing Editor and a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in blockchain applications and crypto research. Jahnu specializes in technical, on-chain, and fundamental analysis, and closely tracks global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he leads content that brings clarity and depth to the fast-evolving world of digital finance.

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Kritika Mehta is a Sub Editor with over 4 years of experience in news writing, crypto news sourcing, editing, and covering topics across fintech and the stock market. She holds a BA in Journalism and Mass Communication and is certified in Multimedia Journalism. Kritika combines editorial precision with a sharp news sense to ensure content is accurate, engaging, and timely.