Bitcoin Falls Below $100,000 Amid Major Crypto Market Crash

NEW YORK, NY — Bitcoin, the leading cryptocurrency by market capitalization, fell below the $100,000 mark for the first time since June 2025. This drop marks a significant downturn as it has lost over 20% since hitting an all-time high of approximately $126,000 in early October.

The broader cryptocurrency market has now experienced a stunning loss of more than $1 trillion in total value. Factors contributing to this decline include excessive leverage, shifting investor sentiment, and a break below key support levels that many analysts consider crucial.

Bitcoin was trading as low as $99,954 on crypto exchange Coinbase before rebounding slightly to around $101,000. This rapid fluctuation signifies a challenging environment for traders, with around $1.3 billion in liquidations reported over the past 24 hours. Notably, $470 million of that total stems from liquidated Bitcoin positions.

Brian Huang, co-founder and CEO of Glider, emphasized the impact of this volatile period: “We are still facing the aftermath of Crypto’s Black Friday. There’s a clear rotation into stablecoins, which have reached all-time highs in traction among traders.”

Another significant player in the market, Vladislav Ginzburg, founder and CEO of OneSource, commented on the situation, expressing optimism despite the current turmoil. “I expect digital asset treasury companies to be major buyers of digital assets this quarter and to see continued pushes close to all-time highs,” he said.

Ethereum, Bitcoin’s primary competitor, also faced a steep decline, dropping nearly 10% to fall below $3,300. Other cryptocurrencies, such as Solana and XRP, similarly saw significant losses.

Despite the prevailing bearish sentiment, some analysts point to potential recovery signals. Shawn Young, Chief Analyst at MEXC Research, noted that historical trends show November can be a strong month for cryptocurrencies. He commented, “This seasonal factor, combined with growing inflows into Bitcoin ETFs, indicates continued institutional position accumulation.”

Looking ahead, critical resistance levels for Bitcoin are seen between $111,000 and $113,000. A breakthrough in this range could reignite upward momentum in the market, with analysts like Plan C predicting limited downside risk moving forward.

Currently, as fears circulate about broader market implications, many eyes remain on Bitcoin’s performance and the overall sentiment in high-growth sectors.