Bitcoin Sinks Toward $100,000, Hitting Lows Not Seen Since June

Overview

• Bitcoin fell as much as to the $99,000–103,000 band on Tuesday, briefly touching its lowest levels since June before hovering near $100,000.
• Losses broadened across digital assets, with ether down as much as 11% and several major altcoins sliding more steeply as total crypto market value hovered around $3.54 trillion.
• Spot ETF flows turned negative for multiple sessions, with BlackRock’s IBIT leading redemptions and contributing to a fourth straight day of net outflows for both bitcoin and ether funds.
• A risk-off shift tied to tighter U.S. rate-cut expectations, a stronger dollar, and a tech-led equity sell-off weighed on sentiment as Wall Street leaders cautioned stocks could face a correction of up to 15%.
• October’s $19 billion long liquidation continues to depress leverage and confidence, the crypto Fear & Greed index fell into extreme fear, and a reported Balancer protocol hack of more than $100 million added pressure, with analysts warning that a loss of near-term support could refocus prices on $100,000 and potentially $98,500.