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Bitcoin Plunges Below $100K for First Time Since June as Crypto Correction Worsens

coindesk.com

3 hour ago

Bitcoin Plunges Below $100K for First Time Since June as Crypto Correction Worsens

Bitcoin BTC$101,622.02 fell below the $100,000 level on Tuesday on at least some major exchanges — Coinbase, Gemini and Kraken, to name three — its weakest price since late June in a broader crypto market correction. The move below that price was met with at least a bit of buying, though, with BTC bouncing back to $101,300 within minutes. The largest cryptocurrency now has declined more than 20% from its record high above $126,000, hit just one month ago. It also made a new low below the crypto flash crash on October 10, which ranked as possibly the largest liquidation events in crypto history, taking BTC to $103,000 from above $120,000 in less than a day. In the following weeks, recovery attempts fizzled out as bounces above $110,000 met with quick selloffs. Among the more recent catalysts for the selling is the Federal Reserve's surprise hawkish surprise last week, with Jerome Powell and a growing number of his cohorts cooling expectations for another interest rate cut in December. Read more: Bitcoin Careens Toward $100K as Morning Bounce Fails

https://www.coindesk.com/markets/2025/11/04/bitcoin-plunges-below-usd100k-for-first-time-since-june-as-crypto-correction-worsens?utm_source=CryptoNews&utm_medium=app