Bitcoin Plunges Below $100K, Crypto Market in Bear Phase
Update: 2025-11-17
Description
Bitcoin plummets below $100,000, marking its lowest point since May, as global markets sell off risky assets. The drop was triggered by a reversal in US tech stocks and decreased confidence among institutional investors. Other major cryptocurrencies also experienced losses, with Solana and Dogecoin among the hardest hit. The market structure has rapidly deteriorated, with inflows into ETFs slowing, long-term holders selling off assets, and low individual investor activity. Research firm Ten X suggests the market has entered a bear phase, erasing Bitcoins earlier gains.
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