Over $1.3 billion was wiped out across the crypto market as traders shifted their focus to $100,000 as the last line of defense for Bitcoin.
Bitcoin gave up $104,000 for the first time in weeks, while traders warned of a return to sub-$100,000 levels and new buyers amassed unrealized losses.
Solana ETFs recorded over $400 million in inflows, but SOL’s price lost a key technical support, sparking fears of a drop toward $120.
Bitcoin price fell to four-month lows below $100,000 as sellers overwhelmed buyers, and analysts speculated that “dead bodies” from the Oct. 10 sell-off are beginning to surface.
Ethereum’s price risked a deeper correction toward $2,800 as institutional demand through ETH ETFs and treasury companies declined
Dash’s setup mirrors Zcash’s pre-breakout phase, hinting at a possible 400% rally if it breaks above a multiyear technical resistance zone.
The slowdown in institutional demand may be a factor in the cooling of Bitcoin’s bull run, adding further downward pressure on the BTC price.
Bitcoin dropped another 2% to start November as network data warned of a potential BTC price dip below the $100,000 support level.
Bitcoin fell nearly 4% in October as ETF outflows closed out the month, but Bollinger Bands BTC price volatility odds hit record levels.
Anticipation of Ripple’s annual event has failed to lift investor sentiment as XRP price risks dropping to $2 in the coming days or weeks.