Bitcoin Dives Below $100K for Third Time This Month as Crypto Liquidations Top $500 Million
Bitcoin’s price dropped below $100,000 for the third time this month as investors sold off risk assets like cryptocurrencies and tech stocks, with broader worries about the economy weighing on markets.
The price of the biggest digital coin was recently at $99,611, according to CoinGecko data, after a more than 2% fall over the past 24 hours. Bitcoin plunged below the mythical $100,000 mark on November 4 for the first time since May, and then dipped below the mark again on November 7 after a rebound.
In October, the coin set a new record price of $126,080, but broader concerns over jobs data have pointed almost relentlessly toward an economic slowdown.
Pepperstone research strategist Dilin Wu told Decrypt that the coin over…
