Bitcoin plummets under $100K and loses over $103 billion in market valuation within hours. Tether’s unstable peg raises concerns: what happens when redemption pressure hits?

BREAKING: #Bitcoin plummets under $100K and loses over $103 billion in market valuation within hours. pic.twitter.com/jcpQiNuCD9

— Jacob King (@JacobKinge) January 7, 2025

BTC sells off, and Tether can’t hold its $1 peg. The faithful will say it’s no big deal, but despite all its liquidity and treasury assets, Tether time and time again shows its inability to redeem consistently and in size means it has the most volatile peg of the fiat… pic.twitter.com/WxOBsvwjUH

— Novacula Occami (@OccamiCrypto) January 7, 2025

Bitcoin is the greatest speculative asset in history. pic.twitter.com/Ff8jY7XWeV

— Jacob King (@JacobKinge) January 7, 2025