"Well, the bitcoin price bleeding just doesn't stop. Bitcoin price just tumbled below $100,000 for the first time since June, marking a fresh low in a rough stretch for the world's leading cryptocurrency. Bitcoin's price hit $99,913 but rebounded to $100,575 - at time of writing. The bitcoin price slide comes as investors flee risk assets and macro headwinds mount."
"Spot Bitcoin ETFs have seen a wave of withdrawals. Investors pulled more than $1.8 billion from Bitcoin and Ether products over the past few trading days. Ethereum and Solana were hit harder, each falling over 5%, while crypto-linked stocks like MicroStrategy, Coinbase, and Robinhood slipped at least 3%. "The crypto market today is facing multiple near-term headwinds," said Derek Lim, head of research at Caladan, per Bloomberg."
Bitcoin dropped below $100,000, hitting $99,913 before rebounding to $100,575, as the market faced renewed selling pressure. The move coincided with investors fleeing risk assets and withdrawing over $1.8 billion from Bitcoin and Ether spot ETF products in recent days. Ethereum and Solana each fell more than 5%, and crypto-linked stocks such as MicroStrategy, Coinbase, and Robinhood declined at least 3%. Traders noted a break below technical support near $104,000, increasing concern about further losses. Market stress reflected trade-related tariffs and export controls, October liquidation events, hacks, and a Federal Reserve stance that reduced rates but signaled fewer near-term cuts.
Read at Bitcoin Magazine
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