Archive · 6 Nov 2025
Bitcoin Plunges Below $100K Amid Global Market Sell-off
Imagine the prices of digital money, like Bitcoin, are like a rollercoaster.
On Wednesday, the Bitcoin rollercoaster took a big dip, going below a very important number, $100,000.
This happened because people are feeling a bit nervous about the economy and think that some investments might be too expensive right now.
So, they are selling many things, including digital money.
This big fall also caused many people who borrowed money to bet on Bitcoin going up to lose all their money.
Because Bitcoin has dropped a lot from its highest price, some people are now calling it a 'bear market,' which means prices are generally going down.
Other digital coins, like Ethereum, also dropped a lot.
Bitcoin briefly fell below $100,000 amid a sharp sell-off in the spot market.
The decline occurred as part of a broader global sell-off in risk assets due to concerns about overvalued markets.
Bitcoin has entered bear market territory, dropping over 20% from its October high.
Over $1.27 billion in leveraged cryptocurrency positions were liquidated this week, predominantly long positions.
Major altcoins including Ethereum, Solana, XRP, and Dogecoin also experienced significant price drops.
- Who
- Bitcoin and cryptocurrency investors and traders.
- What
- Bitcoin briefly fell below $100,000, marking a 20% drop from its October high and entering bear market territory. Other cryptocurrencies like Ethereum, Solana, XRP, and Dogecoin also saw significant declines.
- When
- Wednesday and the preceding week.
- Where
- Global cryptocurrency spot markets.
- Why
- A broader global sell-off in risk assets, concerns about overvalued markets, fading risk appetite, and the liquidation of over $1.27 billion in leveraged crypto positions, mostly long positions.
Overvalued Market Concerns
Technical Bear Market Indicators
Reason for Sell-off
Overvalued Market Concerns
Investors are worried about overvalued markets and are losing their appetite for risk assets.
Technical Bear Market Indicators
A significant amount of leveraged crypto positions, primarily long positions, were liquidated, indicating a potential technical downturn.
- Bitcoin Price (Intra-day Low)
- $99,010.06
- Bitcoin Price (Current)
- $101,822 (down 3.7%)
- Ethereum Price (Current)
- $3,331.65 (down 6.76%)
- Solana Price (Current)
- $157.66 (down 3.16%)
- XRP Price (Current)
- $2.24 (down 3.16%)
- Dogecoin Price (Current)
- $0.165 (down 1.47%)
- Bitcoin Peak Price (October)
- $126,186
- Bitcoin Drop from Peak
- Over 20% (Entering bear market territory)
- Leveraged Crypto Liquidations (This Week)
- Over $1.27 billion
