Morning Minute: Bitcoin Breaks Below $100K for First Time Since May

On November 4, 2025, Bitcoin fell below the $100,000 mark for the first time in six months, dropping approximately 6% to just under $100K. This significant price movement resolved a long-standing prediction market on Myriad concerning whether Bitcoin would hit $100K before reaching $120K. Ethereum (ETH) and Solana (SOL) also experienced substantial declines, with ETH dropping below $3,100 and SOL slipping below $150. Overall, many altcoins saw a sharp drop of 30-60% in value. However, by the morning of November 5, Bitcoin had rebounded slightly to around $102,000, with market sentiment showing signs of potential recovery. Despite the turmoil, analysts suggested that such pullbacks are common and can lead to future gains. Factors like ongoing ETF inflows, rising government spending, and increasing adoption of Bitcoin in the U.S. provide a more optimistic outlook for the crypto market. The market also experienced record liquidations exceeding $2 billion amid this downturn, highlighting the volatility of the cryptocurrency space.

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