Bitcoin tumbles at $104,000 as selling pressure mounts, government shutdown 'stalls' tailwinds
Yahoo Finance·2025-11-05 00:31
Bitcoin (BTC-USD) extended declines on Tuesday as investor concerns over the government shutdown and slowing economic growth led to a selloff of the world's largest cryptocurrency. The token declined more than 3% to hover below $104,000 per token, more than 17% off its all-time in early October. Fundstrat's head of digital assets Sean Farrell pointed out "whale selling," or investors with large amounts of holdings had mounted over the past few weeks, making way for weakness in the market. "Whales— they ...