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

Bitcoin fell below $100,000 on Tuesday for the first time since May, dropping approximately 6% across exchanges. This decline coincided with negative sentiment in the market, as Ethereum and Solana also dropped by 10-15%. Despite the downturn, there are signs of a potential recovery, with Bitcoin rising back to around $102,000 and Ethereum climbing above $3,340 shortly after the initial sell-off. Analysts note that such pullbacks in the crypto market are common and suggest that the underlying bullish trends remain intact, fueled by ongoing ETF inflows and increasing accessibility to cryptocurrencies in traditional finance. The broader market showed similar resilience, with reduced fears of prolonged economic downturns as signals of a potential end to governmental shutdowns surfaced. Optimism persists among users, with many continuing to engage in markets despite extreme volatility.

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