The price of Bitcoin fell below $100,000 for the first time in four months, losing nearly 6% of its value in one day. The decline could be attributed to the strength of the U.S. dollar, spot Bitcoin ETF outflows, and massive liquidations across cryptocurrency futures markets that have left investors questioning whether the long-awaited bear market has finally arrived. In particular, Bitcoin’s correction also caused ripples. the entire cryptocurrency sector; Total market capitalization fell below $3.5 trillion for the first time in months.
Bitcoin price falls below $100,000.
Bitcoin has lacked clear bullish price action over the past 30 days. Although October started with a rally It surpassed $126,000 for the first time, hitting a new all-time high, and most of October was highlighted by the major cryptocurrency. struggle to leave It lags behind the $107,000 to $110,000 price range.
A prolonged period of sideways trading suggested a lack of strong buying pressure, Weaknesses were also revealed in November. This caused the major cryptocurrency to fall below $100,000 in the last 24 hours, albeit briefly.
The surge in the U.S. dollar has become one of the biggest headwinds to Bitcoin’s recent price action. The dollar index tracks the dollar’s strength against a basket of major currencies. exceeded 100 This is the first time since August. The move reflects growing investor preference for safer assets, especially as uncertainty over the Federal Reserve’s next interest rate decision continues to loom over global markets.
The impact of this has been most pronounced in the cryptocurrency sector. My confidence collapsed quickly.. Bitcoin and Ethereum fell significantly as traders exited leveraged positions en masse. A sudden sell-off occurred. Chain reaction of clearing Across exchanges that wiped out billions of dollars in futures positions in a matter of hours.
In the case of Bitcoin, its market capitalization fell 5.8% in just 24 hours, falling to approximately $2 trillion. Trading activity surged significantly during the recession, surpassing $100 billion.
Is a bear market on the horizon?
A collapse below $100,000 raises questions about whether a bear market has officially begun. Bitcoin prices are still rising 8% year-to-date, but the scale of recent losses coupled with the rise in the US dollar index points to a more cautious step forward. As of this writing, Bitcoin has already rebounded above $100,000 and is currently heading toward $102,000. The bounce means that some traders have taken the opportunity to accumulate more during the decline, and Bitcoin is currently trading at $101,770.
If the Bitcoin price falls below $100,000 again, there is a possibility that the decline could extend to $90,000. on the other side, Optimistic technical analysis The plunge shows that Bitcoin has reached its 50-week moving average, a level that always puts it ahead of new all-time highs.
The last time this support was tested was in April 2025, which was followed by a strong rally that saw the price of Bitcoin soar more than 50% in the months that followed, reaching $125,000.
Featured image created with Dall.E, chart from Tradingview.com
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