Українська
Русский
English
Bitcoin Price Today: Falls Below $100K, Enters Bear Market
Bitcoin fell on Wednesday, briefly dipping below the key $100,000 level as a broader sell-off in risk markets — driven by concerns over overvalued assets — spilled into cryptocurrencies.
The world’s largest cryptocurrency traded down 4.7% at $101,718.3 as of 01:32 GMT. Earlier in the session, it fell to $99,010.06, marking its lowest level since mid-June.
Bitcoin also entered a bear market, dropping more than 20% from its early-October record high of $126,186.0.
Broader cryptocurrency prices posted heavy losses on Wednesday, extending a decline seen earlier in the week as traders dumped risk assets across the board.
Bitcoin Enters Bear Market After $1.3 Billion in Liquidations
Bitcoin’s losses came alongside data from analytics firm CoinGlass, showing that more than $1.27 billion in leveraged positions were liquidated earlier this week in the crypto market.
Most of these liquidations were long positions, as traders betting on further price gains were forced out by sharp losses in the world’s largest cryptocurrency.
The decline in Bitcoin also reflected a broader sell-off in global risk markets, triggered by concerns about a valuation bubble in AI-related stocks.
Fears of overvaluation intensified after Wall Street bank CEOs on Tuesday warned of an impending correction, leading to sharp losses in U.S. markets.
The NASDAQ Composite, which Bitcoin and crypto prices often track, fell 2% on Tuesday.
November’s losses followed a weakened October, as the world’s largest cryptocurrency struggled to recover from an earlier sharp sell-off.
Mara Holdings Reports Strong Q3 Results, Shares Rise
Mara Holdings (NASDAQ:MARA), a major Bitcoin miner and the second-largest corporate holder of cryptocurrency globally, reported better-than-expected Q3 results on Tuesday.
This led to a more than 3% rise in its shares during after-hours trading, although they still fell 6.7% during the regular session.
Mara recorded a 92% year-over-year increase in revenue and returned to quarterly profitability. The company benefited from increasing its Bitcoin reserves during the quarter, as well as advancing plans to diversify into AI and data center services.
Crypto Prices Today: Altcoins Drop Alongside Bitcoin
Broader crypto prices fell across the board on Wednesday, mirroring Bitcoin’s sharp decline.
Ether, the world’s second-largest cryptocurrency, fell 8.2% to $3,328.50, nearing a break below $3,000 on Tuesday. Ether also hit a nearly four-month low that day.
XRP dropped 4% to $2.244, while BNB slipped 0.4% to $945.60.
Solana declined 4.9%, and Cardano fell 0.3%.
Among meme tokens, Dogecoin rose 2.3%, while $TRUMP edged down 0.6%.
See also: "Experts Highlight Bitmine’s $1.3 Billion Loss and Warn of a Potential Ethereum Market Crash"
