Bitcoin Is on the Verge of Erasing Year’s Gain as Rout Deepens

Bitcoin fell below $95,000 for the first time in about six months as a bout of risk aversion sweeping across markets saw investors pull nearly $900 million from funds investing in the token.

The largest digital-asset is on the verge of wiping out its gains for the year, dropping as much as 4.7% to $94,147. Bitcoin traded at a record high of $126,251 in early October. It ended 2024 at $93,714.