Bitcoin's price has crashed below $100,000 for the first time since June, triggering panic selling across crypto markets. The cryptocurrency lost 6.2% this week, erasing about $300 billion in digital-asset value. Analysts warn of further declines as indicators flash caution.
Bitcoin experienced a sharp decline on November 6, 2025, plunging 2.77% to around $101,017.80 after dipping below the key $100,000 mark. Prices fluctuated between $100,239 and $104,191 during the session, marking the first breach of that psychological level since June. This drop contributed to a broader rout that wiped out approximately $300 billion in market value, with the cryptocurrency down 6.2% for the week—its worst performance since early March.
The selloff reflects heightened market fear, as over $1 trillion in value has vanished from Bitcoin's October peak near $126,000. Strategists highlight multiple warning signs for Bitcoin and the wider crypto market, with few investors showing readiness to buy the dip. Analysts now caution that Bitcoin could retest the $92,000 zone to fill a CME gap, especially if the $100,000 support breaks, potentially leading to deeper slides before any recovery.
This downturn tests long-held cycle theories in the crypto space, amid ongoing volatility that has gripped traders. The event underscores the fragility of digital assets, with no immediate bullish signals emerging from the data.