Bitcoin has fallen to five-digit prices.
Bitcoin's price fell below $100,000 for the first time in four months. At one point, the cryptocurrency lost up to 5% of its value on the Binance exchange, twice dropping to $99,000 per coin. It has since partially recovered its losses and is currently trading around $102,000. Against this backdrop, other assets have also fallen: Ethereum, the second-largest cryptocurrency by market capitalization, fell 4.5% in a single day. During this time, owners of both cryptocurrencies withdrew more than $1 billion, according to CoinGlass.
However, the Bitcoin price decline is still not significant enough to warrant declaring a crypto market collapse, noted Nikita Zuborev, senior analyst at Bestchangeru: “There was a decline, but it was around 5%. This isn't a colossal loss for the crypto market, and is quite typical. And while it might seem psychologically that Bitcoin has fallen below $100,000, in practice, it's only 5%, which doesn't have much of an impact overall. The long-term outlook remains positive. The decline will likely reverse, and $110,000-$120,000 is a standard range for Bitcoin, quite expected. Even if we assume that the decline continues now and at some point it will be sharp, a similarly sharp rise is quite predictable.”
Bitcoin's price dropped sharply almost a month ago, when US President Donald Trump threatened to increase tariffs against China again. At that point, the cryptocurrency dropped by $10,000. This time, its decline has different, less obvious reasons, says Dmitry Machikhin, founder of the BitOK service: “I don't see any specific reasons for this. It's more a combination of technical factors. Right now, Bitcoin is probably simply following established patterns. First, there were many so-called early buyers who started buying it during the rise, buying long positions en masse. And when the cryptocurrency began to decline, they capitulated. Following them, under pressure from the macroeconomic situation, the stock market, and the US government shutdown, the “whales” began to liquidate their positions. The number of liquidations is so high that the order book can't handle it, meaning the market is simply collapsing under the pressure. The resistance level is quite strong, around $92,000-94,000.”
Everything looks stable, nothing out of the ordinary is happening, in my opinion, the market is simply correcting itself before a new wave of growth.
There's still time, liquidity, and new buyers to finally touch that $200,000 everyone's been talking about. At least, most of 2026 looks realistic. I'm confident the price will recover to $100,000+ soon enough. A number of factors must occur for this to happen, but the positives outweigh the negatives. First and foremost, the US government will emerge from its forced recess, and new measures to liberalize cryptocurrency regulations will likely begin. This will increase liquidity, which, one way or another, pushes the Bitcoin price up. More institutional buying, and there should be plenty of available money. Money is depreciating fairly quickly, which means Bitcoin should appreciate. That's the logic. Gold is also rising sharply. If this dynamic slows, investors will realize their profits, including in Bitcoin, which currently looks like a good buy.”
The price of Bitcoin first rose above $100,000 in December of last year, and the last time it fell below that mark was in June 2025. Along with the cryptocurrency, the US stock market also fell overnight into November 5. Over the course of 24 hours, the S&P 500 index fell by more than 1%, and the NASDAQ by 2%.
Source: cryptonews.net
