The price of Bitcoin continues to fall, and with it the leading altcoins. Is this a bear market already? What caused the declines?
Bitcoin price is falling, yes, still
We are seeing BTC price declines again. This time, the king of cryptocurrencies dropped for a while to levels below USD 100,000.
The price dropped to approximately USD 99,000 and is currently at USD 101,882.
Ether dropped to $3,055 and currently costs $3,321.
Overall, the altcoin market is seeing another sell-off. Weekly declines are already double-digit.
My editorial colleague, Mateusz Czarny, points out that on Bitcoin we are in the zone of USD 96,000-104,000, which “represents an attractive opportunity to enter before the upward movement at the end of the year.” He himself emphasizes that the key to continuing the boom is another cut in interest rates. by the Fed or the end of quantitative tightening on December 1 (the Fed announced this in its last report). It is also important that the US government starts working again and capital starts returning to ETFs (for now, withdrawals dominate).
So is the bull market still going? In our opinion, yes, although the situation is currently difficult, mainly due to the government shutdown in the US, which is blocking the increase in liquidity in the markets.
According to the expert
Ryan Lee, Chief Analyst at Bitget, described for us what is happening on the market:
The latest data, showing a more than fivefold decline in inflows of funds from small investors to exchanges, highlights the profound transformation in the cryptocurrency market, from retail speculation to institutionally driven growth. Inflows from small portfolios (those holding less than 0.1 BTC) have plummeted as investor attention shifts to spot ETFs and self-custody models. Flow data confirms that the participation of retail investors is weakening in favor of long-term accumulation outside stock exchanges.
