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Crypto Prices Today Jan 8: Bitcoin (BTC) Crashes, Altcoins Plunge

source-logo  coingape.com 08 January 2025 04:20, UTC

Crypto Prices Today: The cryptocurrency market experienced a bloodbath on Wednesday, with Bitcoin (BTC) falling below the 97K level, marking a sharp decline from $102K to $97K. The crash in crypto prices today was attributed to a significant rise in U.S. Treasury yields over the past decade. Additionally, the Institute for Supply Management (ISM) released a report showing the December Purchasing Managers’ Index (PMI) for the private sector reached 54.1, up from November’s 52.1, adding to market volatility.

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