Bitcoin's price plummeted by $6,000 in a matter of hours, dropping below the $100,000 mark and reaching a low of $94,300 before recovering slightly to around $97,000. This volatility led to over $1.4 billion in liquidations, affecting more than 500,000 traders, with significant losses also seen in altcoins. The total crypto market cap fell from $3.750 trillion to under $3.5 trillion before partially recovering to $3.610 trillion.