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Bitcoin just plunged below $100K for the first time in months, dragging the entire crypto market into a sea of red. Is this the start of the long-awaited correction?Bitcoin just plunged below $100K for the first time in months, dragging the entire crypto market into a sea of red. Is this the start of the long-awaited correction?

BREAKING: Bitcoin Crashes Below $100K, Panic Grips the Crypto Market

Author: Crypto Ticker
Source: Crypto Ticker
2025/11/05 05:51
2 min read
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Bitcoin’s bull run hit a brick wall. After weeks of struggle near the $110K–$116K zone, $BTC has finally cracked — plunging below $100K and confirming the biggest correction since mid-2025. 

As panic spreads, altcoins like $Ethereum, $Solana, and $XRP followed suit, recording double-digit losses and wiping billions from the total crypto market cap.

Bitcoin Price Falls Below 100K

The attached chart shows Bitcoin collapsing from $107K straight to $99,300, breaking through all key moving averages.
The 200-day SMA near $109K — once the main line of defense — is now lost, signaling a full-scale trend reversal.

BTC/USD 1-day chart - TradingView

RSI levels have dropped to around 29.9, pushing Bitcoin into oversold territory, while the MACD histogram continues to deepen in negative momentum. The next key support stands around $96K–$93K, followed by a worst-case scenario retest near $88K if selling continues.

Crypto Crash: Market-Wide Bloodbath

According to the latest data, the entire crypto market lost over 10% in 24 hours.
Ethereum tanked 13.8%, BNB fell 10%, Solana collapsed over 23%, and XRP lost nearly 20%.

Bitcoin’s dominance, however, remains stable, showing that altcoins are bleeding even harder than BTC.

Bitcoin Dominance - cmc

Bitcoin Prediction: Recovery or More Pain Ahead?

If BTC stabilizes above $100K, a short-term bounce toward $106K is possible, but resistance remains heavy near $109K and $116K.
If bears keep control, Bitcoin might slide toward $92K–$88K before finding real accumulation support.

While panic dominates social media and exchanges report increased liquidation volume, many analysts warn that this could just be the beginning of a deeper correction.

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