Bitcoin Is Back Below $110,000. Here’s What to Know About the Latest Crypto Sell-Off.
Key Takeaways
- Crypto markets are wearing autumnal red after a Sunday sell-off kicked off a slide.
- Polymarket bettors have placed a 60% probability on the price of bitcoin dipping below $100,000 before 2026.
A chill in the market has taken bitcoin down a notch. Has the “crypto summer” come to an end?
The price of bitcoin, the world’s largest and best-known cryptocurrency (BTCUSD), fell below $110,000 Thursday evening, down more than 5% for the week and more than 10% off its August all-time high over $124,000. Altcoins like ether (ETHUSD) and solana (SOLUSD) also slid, dragging the estimated total value of the crypto market under $4 trillion.
Crypto stocks have been hit, too. Bitcoin treasury stock Strategy (MSTR) and stablecoin…
