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Bitcoin price has fallen below $100,000 for the primary time in 4 months, wiping out nearly 6% of its value in a single day. The decline is as a result of a stronger US dollar, outflows from spot Bitcoin ETFs and large liquidations across the crypto futures market, leaving investors wondering whether the long-awaited bear market has finally arrived. It is noteworthy that the Bitcoin correction also had an effect your entire crypto sector, where total market capitalization fell below $3.5 trillion for the primary time in months.
Bitcoin price crashes below $100,000
There has been no clear bullish price movement for Bitcoin within the last 30 days. Although it October began with a rally After Bitcoin broke $126,000 for the primary time, setting a brand new all-time high, most of October was dominated by the leading cryptocurrency I'm struggling to go away the value range of $107,000 to $110,000 behind it.
The prolonged period of sideways trading suggested that there was no strong buying pressure The weakness prolonged into November. This, in turn, has caused the leading cryptocurrency to plunge below $100,000 within the last 24 hours, albeit briefly.
The rising US dollar has turn out to be considered one of the most important headwinds to Bitcoin’s recent price performance. The Dollar Index, which tracks the dollar's strength against a basket of major currencies, climbed over 100 For the primary time since August. The move reflected investors' growing preference for safer assets, especially as uncertainty over the Federal Reserve's next rate of interest decision continues to loom over global markets.
The impact of this has been most visible within the crypto sector, where Trust quickly eroded. Bitcoin and Ethereum fell massively as traders unloaded leveraged positions en masse. The sudden sell-off led to this a sequence response of liquidations across exchanges that worn out billions of dollars in futures positions in a matter of hours.
In the case of Bitcoin, its market capitalization fell by as much as 5.8% to around $2 trillion in only 24 hours. Trading activity has surged in the course of the downturn, surpassing the $100 billion mark.
Is a bear market imminent?
The plunge below $100,000 raises questions on whether the bear market has officially begun. Bitcoin price continues to be up 8% year-on-year, however the extent of recent losses alongside the rising US Dollar Index suggests a more cautious phase ahead. At the time of writing, Bitcoin has already risen above $100,000 and is now heading towards $102,000. The recovery implies that a portion of traders took advantage of the chance to build up more in the course of the decline, and Bitcoin is now trading at $101,770.
If Bitcoin price falls below $100,000 again, there may be a possibility of an prolonged decline towards $90,000. On the opposite hand, bullish technical evaluation shows that the crash caused Bitcoin to the touch its 50-week moving average, a level that at all times precedes a brand new all-time high.
The last time this support was tested was in April 2025, and what followed was a powerful rally that saw the value of Bitcoin rise by greater than 50% to $125,000 in the next months.
BTC price crashes below $100,000 for the primary time in 4 months | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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