Bitcoin Drops 8% from $100K to $91.5K over Thanksgiving as BlackRock Eyes Market

Bitcoin is experiencing significant volatility during the Thanksgiving period, reminiscent of the 2020 'Thanksgiving Massacre.' This year, Bitcoin tumbled from near $100,000 to $91,500, marking an 8% dip.

In comparison, during Thanksgiving 2020, Bitcoin plunged 17% but then tripled in value within months. Despite recent fluctuations—from $67,000 to $99,000 and now to $92,000—the cryptocurrency remains robust.

Major investors like BlackRock are circling, and whales are potentially accumulating, signaling continued interest in the market. The recurring Thanksgiving volatility raises questions about what might come next for Bitcoin.

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