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Bitcoin Price Drops Below $118,000 Amid Minor Daily Decline

OKX market data shows Bitcoin hit $116,064.10 before reversing to close 1.84% lower, underscoring continued intraday volatility in cryptocurrency markets.

BTC

Fact Check
The statement is strongly supported by a credible source. Source 7 (CNBC) explicitly reports that Bitcoin was 'trading below the $117,000 level' at $116,484, which confirms the price dropped below the $118,000 threshold. The same source mentions a daily decline of over 2.8%, which is consistent with a 'minor daily decline.' While Source 1 (Coinbase) shows a current price slightly above $118,000, this does not invalidate the fact that a drop below that level occurred, as is common with price fluctuations within a trading day.
    Reference: 1
Summary

According to OKX market data, Bitcoin briefly surged to $116,064.10 before retracing to end the day down 1.84%. The movement highlights ongoing short-term volatility around significant price thresholds in cryptocurrency trading.

Terms & Concepts
  • Market Data: Real-time or recent financial information showing the current price, volume, and other metrics for assets such as cryptocurrencies.
  • Bitcoin: The first and largest cryptocurrency, created in 2009 by an unknown person or group using the name Satoshi Nakamoto.