Crypto Hit by Bitcoin Whales Dumping $45B in Bets

Bitcoin has been falling again — but this time, it’s not leverage breaking the market.

The original cryptocurrency fell as much as 7.4% to dip below the $100,000 mark for the first time since June. That’s down more than 20% from a record high reached a month ago. Bitcoin pared losses on Wednesday morning in Asia, but is still struggling for a sure footing.