The crypto market woke up to a sharp correction on Wednesday. Bitcoin price today slipped below the crucial $100,000 mark for a brief moment, pulling the entire digital asset space into a deeper sell-off. It was one of those sessions where the red screens told the story even before the numbers did—weak sentiment, heavy liquidations, and nervous traders across the board.
For the world’s largest cryptocurrency, the drop below $100,000 wasn’t just a level break—it marked a return to bear market territory as bitcoin prices extended their decline from recent highs.
Market Performance: Bitcoin Extends Fall, Crypto Prices Today Under Pressure
As selling intensified throughout the day, the correction spread across major tokens.
By the afternoon session, bitcoin prices were down 3.7% at $101,822 after dipping to $99,010.06, the lowest level since mid-June.
Other major cryptocurrencies followed the same trajectory:
- Ethereum price: down 6.76% to $3,331.65
- Solana price today: down 3.16% at $157.66
- XRP: down 3.16% at $2.24
- Dogecoin price: down 1.47% to $0.165
With bitcoin below $100,000 briefly, the broader mood across the crypto market turned risk-off, reflecting the weakness seen in other asset classes as well.
Main News: $1.27 Billion Liquidated as Selling Hits Cryptocurrency Prices
The latest fall in cryptocurrency prices came right after a wave of liquidations hit leveraged positions across the market. The shakeout was substantial, wiping out more than $1.27 billion in crypto positions earlier this week.
Most of the liquidations were from traders holding long positions, caught on the wrong side of a sudden downside swing.
In total, nearly $2 billion worth of crypto positions were cleared in the past 24 hours.
The cleanup wasn’t as dramatic as the massive unwinding seen during the previous month’s crash, but it was enough to pressure crypto prices today and elevate caution among traders.
Broader Market Mood: Global Sell-Off Adds to Crypto Weakness
The fall in the bitcoin rate and other cryptocurrencies didn’t happen in isolation.
A wave of profit-taking and fear spread across the global markets, dragging down equities and risk assets simultaneously.
U.S. markets saw sharp declines:
- Dow Jones: down 251.44 points to 47,085.24
- S&P 500: down 80.42 points to 6,771.55
- Nasdaq: down 486.09 points to 23,348.64
The stress didn’t stop there.
Asian markets also mirrored this sentiment, with Japan and South Korea’s benchmark indices each slipping around 5%.
This wider correction across global markets added more pressure on the cryptocurrency space, pulling bitcoin, Ethereum, Solana, and Dogecoin deeper into the red.
Company Details: How Bitcoin’s Slide Signaled a Bear Market
The sharp drop has now pushed bitcoin prices into bear market territory—falling more than 20% from its all-time high of $126,186 recorded in early October.
A decline of this scale often becomes a psychological pivot point for traders.
And with the bitcoin price today struggling to regain momentum, the broader sentiment across cryptocurrency prices continues to lean cautious.
Summary: Bitcoin Below $100K Sets the Tone for Crypto Weakness
- Bitcoin price today dropped to $99,010.06 before stabilizing near $101,822, down 3.7%.
- Ethereum, Solana, XRP, and Dogecoin also saw declines of up to 6.76%.
- More than $1.27 billion in crypto positions were liquidated earlier this week.
- Nearly $2 billion was wiped out in 24 hours across the crypto market.
- Global markets, including U.S. and Asian indices, saw sharp declines, adding pressure to cryptocurrency prices.
- Bitcoin is below $100,000 mark, a slide of over 20% from its recent record high.
The crypto market ends the day with a clear message—sentiment remains fragile, and the numbers reflect that reality across major tokens, including bitcoin, Ethereum, Solana, and dogecoin.
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