Altcoins News
By James Thorp
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Bitcoin Falls Below $100K Amid Broad Market Rout. Bitcoin plunged 21% from its October peak, falling to an intraday low of $99,110 on Wednesday,…
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$2 Billion in Liquidations Reflect Market Panic. The sharp decline triggered massive liquidations across leveraged crypto positions.
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Analysts Identify Key Support Between $98K and $85K. Analysts believe the worst of the panic may not be over.
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Dollar Strength and Liquidity Tightening Drive the Decline. Experts attribute the current downturn to U.S. dollar strength and shrinking market liquidity.
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Government Shutdown Adds to Market Pressure. The ongoing U.S. government shutdown has compounded market fears.
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On-Chain Data Suggests Fundamentals Remain Strong. Despite the steep price correction, on-chain metrics indicate that Bitcoin’s network remains…
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Outlook: Will Bitcoin Rebound or Drop Further?. While short-term volatility is likely to persist, analysts say Bitcoin’s next moves depend on…
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Bitcoin dropped below the historic $100,000 level this week, leading a global selloff across crypto and traditional markets.
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The downturn wasn’t limited to crypto. Traditional markets mirrored the weakness, with the S&P 500 dropping 3% and gold sliding 10% from recent highs.
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The sharp decline triggered massive liquidations across leveraged crypto positions. Data from CoinGlass shows more than $2 billion in leveraged long trades were wiped out in just…
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Bitcoin accounted for nearly half of those losses, while Ethereum also suffered a heavy drawdown, slipping to a four-month low near $3,000.
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Analysts believe the worst of the panic may not be over. Ryan Yoon, Senior Research Analyst at Tiger Research, said Bitcoin’s immediate support lies near $98,000, while a break…
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Despite the selloff, Yoon maintains a long-term bullish outlook, reaffirming his $200,000 target for Bitcoin once market conditions stabilize.
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“The recent correction is largely macro-driven rather than fundamental,” Yoon said. “Network metrics remain healthy, but traders are reacting to global risk sentiment.”
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Meanwhile, Tim Sun, Senior Researcher at HashKey Group, noted a shift toward safe-haven assets such as government bonds.
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