Українська
Русский
English
Bitcoin Price Today: Recovery to $104K, But Market Remains Weak
Bitcoin rose on Thursday, partially recovering from recent losses as traders took advantage of lower prices. However, economic uncertainty and fading hopes of interest rate cuts limited the rebound. The world’s largest cryptocurrency entered a bear market this week, falling more than 20% from its early-October record highs.
As of 01:35 GMT, Bitcoin was up 1.7% at $103,744.2, after dipping below $100,000 earlier this week, reaching its lowest level since mid-June.
WEF President Warns of a Crypto Bubble
World Economic Forum President Børge Brende warned of a possible crypto bubble while speaking to reporters in Brazil on Wednesday.
He also raised concerns about potential bubbles in artificial intelligence and government debt.
Fears of overvaluation in the tech sector were a key driver of market losses this week, with the stock market sell-off spreading to cryptocurrencies.
Bitcoin’s November losses also came after the crypto market failed to deliver the expected October rally. The coin fell about 5% last month, ending a seven-year streak of October outperformance.
The crypto market has also lagged behind other risk assets since early October, after a sudden sector crash wiped out roughly $500 billion in capitalization.
Robinhood’s Crypto Revenue Grows but Misses Forecasts
Robinhood Markets Inc (NASDAQ: HOOD) reported stronger-than-expected Q3 revenue driven by a surge in crypto trading, though crypto income fell short of Bloomberg forecasts.
The company’s shares fell 4% in after-hours trading on Wednesday.
Crypto revenue jumped 300% year-over-year to $268 million. Robinhood also announced that CFO Jason Warnick will step down in Q1 2026 and be replaced by company veteran Shiv Verma.
Altcoins Recover Some Losses
Broader crypto prices tracked Bitcoin’s recovery, though most tokens remain in the red for the week amid weak risk appetite.
Ether rose 3.7% to $3,450.09, XRP gained 5.1% to $2.3596, Solana climbed 3.2% to $162.021, and Cardano and BNB were up 1.5–2%.
Among meme coins, Dogecoin added 1.2%, while $TRUMP surged nearly 16% without clear catalysts.
Crypto markets came under pressure amid economic uncertainty in the U.S. and the ongoing government shutdown. Falling odds of a December rate cut by the Federal Reserve also weighed on risk assets.
See also: "BTC and ETH ETFs Lose Value While Solana ETFs Attract Capital"
