Bitcoin's Price Hasn't Been This Close to $100,000 in Months
Update: 2025-11-04
Description
Bitcoin's Price Plummets: A 'Red October' for Crypto MarketThe cryptocurrency market is experiencing a significant downturn, with Bitcoin's price dropping below $103,000, its lowest point since October. This decline follows a Black Friday event in mid-October and substantial outflows from spot Bitcoin ETFs, totaling $1.3 billion. Ether ETFs also saw significant outflows, impacting related stocks like MicroStrategy, Coinbase Global, and Robinhood. The fear and greed index for crypto shifted to fear, indicating growing investor caution. However, some Bitcoin enthusiasts are still buying, with MicroStrategy acquiring 397 Bitcoin at an average price of $114,771.
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