Bitcoin Dips to $93,000 Amid $553M Liquidations, Near $98,000 and Gold All-Time High

Bitcoin has experienced significant volatility over the past 24 hours, with its price dipping to $93,000 after briefly falling below this level. The cryptocurrency saw a 5.1% drop in value during this period, with $553 million in liquidations across the network, including $415 million in long orders and $137 million in short orders.

Bitcoin recently regained footing near $98,000 and remains near its recent all-time high when priced in gold. Meanwhile, Solana has dropped 7.4%, while Ethereum stands out among major tokens with a 1.4% gain over the same timeframe. Additionally, Bitcoin ETFs have recorded a weekly net inflow of $33.8 billion, marking a historic high.

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