Bitcoin’s price crashed to $97,000 today, down from highs of $109,500, as global financial markets see a widespread decline.

Bitcoin has sunk below $100K as analysts are calling for a sharp correction that could see it fall all the way to $70,000.

The surge to hit a new record was partly fueled by the popularity of micro bitcoin and ether futures contracts.

BlackRock's Bitcoin ETF hit $1 billion in inflows within hours, leading Bitcoin ETFs to dominate crypto markets over altcoin products.