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52m ago

Bitcoin Slips Below $100,000 for First Time Since June as Crypto Selloff Accelerates

Fed caution on rate cuts is draining risk appetite and tightening the liquidity backdrop for digital assets.

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Overview

  • Bitcoin hit an intraday low near $99,075 on Tuesday before stabilizing around $101,000, leaving it down about 18% from its early‑October peak.
  • Ether, Solana, XRP and BNB fell more than Bitcoin, with ether down as much as 11% intraday and weaker altcoins retesting levels seen during October’s flash crash.
  • Spot crypto ETFs posted consecutive net outflows, with BlackRock’s IBIT leading recent redemptions and ether funds also recording withdrawals.
  • Market structure remains fragile after roughly $19 billion in long futures were liquidated in October, as long‑dormant wallets take profits and open interest stays subdued.
  • Risk-off forces strengthened with the dollar at a three‑month high, U.S. stocks sliding on valuation concerns, ongoing data disruptions from the federal shutdown, and reports of a Balancer exploit topping $100 million.