Bitcoin News

Story: Bitcoin Slips Below $100,000 as Global Market Turmoil Deepens

By Pankaj K

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$2 Billion in Crypto Liquidations Shake the Market. The slump triggered a wave of forced liquidations, with more than $2.

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Market Snapshot

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Wall Street Tumbles as AI Stocks Lose Steam. The pressure on digital assets mirrors the broader turbulence across global equities. U.S.

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The Longest U.S. Government Shutdown Adds to Market Anxiety. Fueling the uncertainty is the ongoing U.S. government shutdown, now entering its 36th day, making…

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Asia Mirrors the U.S. Sell-Off. Asian markets followed Wall Street’s decline overnight. The MSCI Asia-Pacific Index fell 0.

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Traders Cite Policy Doubts, China Tensions, and Liquidity Strains. Crypto traders also pointed to a series of macro factors adding pressure on Bitcoin. Among them:

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Analysts See Glimmers of Recovery — If Conditions Stabilize. Despite the gloom, some analysts believe the correction could create a foundation for a…

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The Bottom Line. Bitcoin’s fall to a five-month low highlights how intertwined the crypto market has become with…

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Bitcoin extended its decline early Wednesday, briefly dipping below the $100,000 mark for the first time in five months, as global markets tumbled and investors grew increasingly…

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The drop came amid a prolonged U.S. government shutdown, warnings from major banks about stock market overvaluation, and a loss of confidence that the Federal Reserve will…

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At its lowest point of the day, Bitcoin fell nearly 5% to around $101,464, while Ether plunged more than 12% to $3,179, marking one of its steepest two-day losses since early 2025.

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The slump triggered a wave of forced liquidations, with more than $2.09 billion in crypto positions wiped out in just 24 hours, according to data from CoinGlass.

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Though this figure remains below October’s record $19 billion washout, the sentiment shift has been sharp.

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“Today’s weakness isn’t being driven by excessive leverage,” said Markus Thielen, CEO of 10X Research. “It’s long-term spot holders stepping back amid growing uncertainty.”

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Thielen added that recent comments from Federal Reserve Chair Jerome Powell, who suggested that a December rate cut is not guaranteed, removed a key source of optimism just as…

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