In brief
- Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off.
- Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers.
- Experts see potential support at $98,000, with a worst-case scenario target of $85,000.
Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane.
Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before recovering slightly, marking a 21% decline from its October peak, CoinGecko data shows.
The broader crypto…
Nov 05 2025
