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Bitcoin price teeters on drop below $100,000 as these five reasons send it tumbling
Yahoo Finance·2025-11-05 04:31

Bitcoin shed another 3% of its value this afternoon after its price dipped to 100,175.ThatslowestlevelsinceMay.Since2018thecryptocurrencyhasntseenthistypeofpriceaction,promptinganalyststosaythatRedOctobercontinuestohauntthemarket.Ethereum,meanwhile,haslost20100,175. That’s lowest level since May. Since 2018 the cryptocurrency hasn’t seen this type of price action, prompting analysts to say that “Red October” continues to haunt the market. Ethereum, meanwhile, has lost 20% of its value in the past month. Trading at about 3,300, according to CoinGecko, Ether has erased all of its gains for the year. For macro analyst, Alex Krüger, there’s five reasons behind the ongoing dump. “E ...