Bitcoin’s Dramatic Dive Below $104,000: Is Crypto in Crisis? 🧐

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In case you haven’t noticed, Bitcoin is doing that thing where it pretends to be invincible, only to dramatically fall below $104,000. It’s like the cryptocurrency version of tripping on a red carpet at the Oscars, but way less glamorous. Investors are holding their breath (and their wallets) as the U.S. Federal Reserve gets ready to deliver its next big policy update. Spoiler: It’s probably not going to make anyone do a happy dance. 💃

Bitcoin Takes a Break from Being a Superstar

Bitcoin (BTC) is currently sitting pretty at $103,430, down 3.8% today and almost 5% for the week. That’s a lot of red for something that was just flexing above $107,000. What happened, Bitcoin? You were doing so well! Looks like it’s lost some of its charm, and its short-term support levels are like that friend who says they’re going to the gym but never actually shows up.

Altcoins Just Want to Be Like Bitcoin

Of course, Bitcoin’s meltdown didn’t happen in a vacuum. Ethereum (ETH) is also crashing and burning, falling 6.4% in the last 24 hours to $2,460—because who doesn’t love a good crash? It’s now 10.12% in the red for the week. Solana (SOL), that once-promising friend, also took a dive, dropping 7% to $146.

And let’s not forget Ripple’s XRP, which is just out here doing its best, but still falling 7.16% to $2.14. You know, despite a surge in network activity. We see you trying, XRP. Binance Coin (BNB) didn’t escape the doom and gloom either, sliding 3.5% to $641. A real *who invited all this negativity* moment. 😬

The Outlook: More Drama Ahead?

With Bitcoin now under $104,000, we’re all waiting with bated breath for what happens next. The Federal Reserve’s FOMC decision is looming large, and people are watching like it’s the season finale of a reality TV show. Will they surprise us with something dovish, or is this just the start of a bigger crash? Buckle up, folks—this could get interesting, or at least, painfully predictable.

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2025-06-18 00:46