Bitcoin Enters Bear Market Territory as Prices Tumble Below Key Threshold

The leading cryptocurrency has delivered an unwelcome surprise to investors. Bitcoin’s value has plunged more than 20% in recent weeks, officially entering bear market territory following its spectacular October rally that saw it reach nearly $126,000. This decline has pushed the digital asset below the psychologically significant $100,000 mark for the first time since June, leaving market participants questioning whether this represents a healthy market correction or the beginning of a prolonged downturn.

Breaking through the $100,000 support level triggered what market analysts describe as “extreme fear” throughout the cryptocurrency ecosystem. Although Bitcoin has managed a modest recovery, currently trading between $101,000 and $103,000, uncertainty continues to dominate trading activity. The Crypto Fear Read more...