Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market 

The price of Bitcoin tumbled below $100,000 for the first time since June, hitting a low of $99,913 before slightly recovering. This decline is attributed to investors fleeing risk assets amid mounting macro headwinds, including the Federal Reserve signaling that interest rates might remain higher for longer after walking back expectations of a December rate cut. The market is also fragile following a massive liquidation event in October, triggered by President Trump's announcement of 100% tariffs on China, and recent hacks. Spot Bitcoin ETFs have seen significant outflows, exceeding $1.8 billion recently, and the crypto Fear and Greed Index has shifted to "extreme fear." Technically, Bitcoin struggled to hold its 200-day moving average, with the next support near $96,000. While some institutions like Strategy are buying the dip, traders remain cautious, awaiting the November 13 Consumer Price Index report for potential relief.

(Source：Bitcoin Magazine)