Bitcoin traded at $100,640.15 as of press time, down 5.6% previously 24 hours, after briefly shedding the $100,000 worth threshold on Binance futures for the primary time since June 23.
The sell-off wiped billions from the broader crypto market as merchants confronted a three-month excessive within the greenback, fairness weak point, and a four-day streak of spot ETF outflows totaling roughly $1.34 billion.
The greenback index rose to 100.215, up 0.3% over the previous 24 hours, as markets reassessed the chance of near-term Federal Reserve fee cuts.
Fairness markets retreated after main financial institution CEOs warned of a possible 10% to fifteen% correction in inventory costs. This mix of a stronger buck and risk-off sentiment in conventional markets usually compresses the danger premium in cryptocurrencies.
Bitcoin’s correlation to tech equities and its sensitivity to greenback power positioned it instantly within the path of the macro shift.
US spot Bitcoin ETF flows turned decisively adverse over the previous 4 periods, with cumulative outflows reaching roughly $1.34 billion, in keeping with knowledge from Farside Traders.
The latest buying and selling day noticed roughly $186.5 million exit the merchandise, with BlackRock’s IBIT accounting for the whole thing of the outflows whereas competing ETFs registered zero internet exercise.
The sustained withdrawal sample displays institutional repositioning as merchants weighed macro circumstances in opposition to Bitcoin’s valuation close to six-figure ranges.
Leverage magnified the downturn throughout crypto derivatives markets. In line with Coinglass knowledge, $1.3 billion in futures positions have been liquidated previously 24 hours, with lengthy positions accounting for about $1.1 billion of the overall. That was the second consecutive day with over $1 billion in liquidations.
The pressured unwinding of leveraged bets accelerated Bitcoin’s descent, creating cascading promote strain that pushed the asset nearer to the $100,000 help degree.
Futures markets typically amplify spot strikes in periods of excessive volatility, and the size of the washout ranks among the many most vital liquidation occasions in current weeks.
Altcoins comply with Bitcoin decrease
The broader crypto market mirrored Bitcoin’s losses, with main tokens posting single-digit proportion declines.
Ethereum traded at $3,328.12, down 8% previously 24 hours, whereas BNB fell 7.7% to $917.20. Solana dropped 7% to $154.48, and XRP declined 5% to $2.18. Dogecoin slipped 6.3% to $0.1570, and Cardano misplaced 6.7% to commerce at $0.5153.
The sell-off unfolded in opposition to a backdrop of renewed safety issues within the decentralized finance sector.
The Balancer V2 exploit, which drained between $110 million and $128 million throughout a number of chains, and Berachain’s subsequent emergency community halt and arduous fork stored sentiment cautious throughout protocols and tokens.
Whereas DeFi incidents usually include their injury to particular ecosystems, the timing of the exploits added a comfortable headwind to crypto markets already contending with macro strain and adverse flows.
Bitcoin’s shedding the $100,000 degree arrives because the convergence of greenback power, fairness weak point, institutional outflows, and derivatives liquidations created a technical setup that overwhelmed near-term help.
On the time of press 6:54 pm UTC on Nov. 4, 2025, Bitcoin is ranked #1 by market cap and the value is down 5.78% over the previous 24 hours. Bitcoin has a market capitalization of $2.01 trillion with a 24-hour buying and selling quantity of $92.39 billion. Be taught extra about Bitcoin ›
On the time of press 6:54 pm UTC on Nov. 4, 2025, the overall crypto market is valued at at $3.35 trillion with a 24-hour quantity of $239.71 billion. Bitcoin dominance is at present at 60.16%. Be taught extra in regards to the crypto market ›
