Bitcoin drops nearly 30% from its yearly peak, market cap wipes out $1 trillion in recent weeks

Bitcoin has dropped nearly 30% from its yearly high above $126,000, driving a crypto market slump that has erased over $1 trillion in value. On Thursday, it traded at $92,783. Over the past 24 hours, Bitcoin rose about 2%, while Ethereum slipped 0.41% to $3,051. Most major altcoins declined up to 2%, though Solana and Hyperliquid gained more than 3%.