Well, the Bitcoin price bleeding doesn’t stop. Bitcoin’s price fell below $100,000 for the first time since June, marking a new low in a difficult period for the world’s leading cryptocurrency.
Bitcoin price reached $99,913 but has rebounded to $100,575 – at the time of writing.
The decline in Bitcoin prices comes as investors flee risky assets and macro headwinds increase.
The cryptocurrency fell more than 5% early Tuesday, briefly testing levels not seen in months. Traders anxiously watched the coin fall below the key technical support level around $104,000. Yesterday’s move raised fears of the possibility of more imminent losses.
Spot Bitcoin ETFs have seen a wave of withdrawals. Investors I pulled over $1.8 billion in Bitcoin and Ether products over the past few trading days.
Ethereum and Solana were hit harder, each falling more than 5%, while cryptocurrency-related stocks such as MicroStrategy, Coinbase and Robinhood fell at least 3%.
“Today’s cryptocurrency market faces multiple near-term headwinds,” said Derek Lim, head of research at Caladan. Bloomberg. “This hits an already fragile market due to the massive liquidation event that occurred in October and a series of hacks.”
This Bitcoin price resistance all started when, on October 10, Bitcoin and the broader cryptocurrency market saw a sharp and sharp sell-off, as President Trump announced sweeping 100% tariffs and export controls in response to new restrictions imposed by China.
Despite the improvement in trade talks with China, the price of Bitcoin did not recover and fell much further from the selling lows.
Bitcoin price reacts to Fed’s hawkish tone
The Federal Reserve also weighed on sentiment. Federal Reserve Chairman Jerome Powell recently backed away from expectations for a rate cut in December, suggesting interest rates could stay higher for longer.
Powell said additional rate cuts may not follow in December. The central bank reduced the benchmark interest rate by 0.25 percentage points to a target range of 3.75% to 4%.
Powell said inflation excluding the impact of tariffs is “not far” from the central bank’s 2% target, but stressed that policymakers “haven’t made a decision for December.” Powell noted that the officials had “strongly different views” during the meeting.
This cut – the Fed’s second for 2025 after a move in September – ended a long period of interest rate holds. The policy shift aims to reduce borrowing costs and support economic activity.
The rise in the US dollar has put pressure on non-yielding assets such as Bitcoin, increasing selling.
Technical charts show that Bitcoin price is struggling to maintain its 200-day moving average, a leading long-term indicator. Analysts say the next support line is near $96,000. On the upside, reclaiming $111,000 would be a first step towards regaining momentum.
Market sentiment reflects caution. The Fear and Greed Cryptocurrency Index turned to “extreme fear” on Monday, a stark change from neutral readings last week.
Open interest in perpetual bitcoin futures has fallen nearly 30% from its peak in October, suggesting leveraged traders are pulling back, according to Bitcoin Magazine Pro.
Some bulls are still buying the dip. Strategy, co-founded by Bitcoin evangelist Michael Saylor, purchased 397 BTC between October 27 and November 2 at an average price of $114,771. The move represents a small but notable vote of confidence amid the turmoil.
Investors are now looking ahead to the US CPI report scheduled for November 13. Cold inflation data may spark speculation about Fed easing, a potential boost for Bitcoin. Until then, sellers will remain in control, and a continued close below $100,000 could lead to deeper losses.
Despite the pullback, Bitcoin’s long-term story remains intact. It rose from $5,000 in March 2020 to more than $126,000 in October 2025, highlighting the currency’s volatility and flexibility.
But for now, traders are moving cautiously, wary of further declines as the market absorbs the historic losses incurred in October.
The post Bitcoin Price Crashes Below $100,000, Extreme Fear In Market first appeared on Investorempires.com.
