Bitcoin worth descended to ranges under $100,000 on the Coinbase trade, throughout the afternoon hours of the US session on Tuesday.
It adopted Ethereum’s transfer to show unfavourable for 2025, amidst the altcoin’s steepest every day drop in months.
Bitcoin Temporary Breaks Under $100,000
Whereas the US was busy with the New York mayoral elections on Tuesday, the Bitcoin worth briefly slipped under the $100,000 mark on the Coinbase trade.
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It lasted just for a second earlier than a fast pullback, with BTC buying and selling for $100,977 as of this writing. As of this writing, the intra-day low for the pioneer crypto was $99,908, ranges that had final been examined on June 23, 2025.
Bitcoin (BTC) Worth Efficiency. Supply: TradingView
With the newest drop, Bitcoin descended by over 20% from its October peak of $126,296 recorded early final month. The drop additionally eradicated extreme leverage from the market, doubtlessly setting the stage for continued volatility amid broader market uncertainty.
BREAKING: Bitcoin formally enters bear market territory, now down -20% since its file excessive seen on October sixth.
We live in essentially the most thrilling market in historical past. pic.twitter.com/EHoyb8xsZK
— The Kobeissi Letter (@KobeissiLetter) November 4, 2025
Regardless of the broader downturn, some Bitcoin holders have been accumulating throughout the worth decline. Analyst Joao Wedson says the world between $100,000 and $101,000 could also be a superb shopping for alternative, contingent on the present BTC section,
I consider that now, round $100K–$101K, is the final actual alternative for these occupied with shopping for or going lengthy — as a result of BTC is both within the Spring section of an accumulation or the ultimate section of a redistribution.
Whereas the primary state of affairs is extremely bullish, the second… pic.twitter.com/59XQB3jelK
— Joao Wedson (@joao_wedson) November 4, 2025
Elsewhere, Elliott Wave analysts say the bear market is predicted to persist by late 2026. If that is true, the pioneer crypto could possibly be poised for an prolonged interval of downward stress.
In the meantime, bettors on prediction market Kalshi wager a big probability that the Bitcoin worth might nonetheless file additional draw back, some calling for as little as under $80,000.
This growth comes shortly after Ethereum turned unfavourable for 2025, having began the yr close to $3,353. The transfer marked a 7% every day plunge, its steepest drop in months.
