Bitcoin Price Crashes Below $100k over Panic Sell-offs
Bitcoin fell below $100K in the latest crypto selloff amidst US Federal Reserve rate cut uncertainties. Markets are red across the board, with major cryptos sliding as fears cloud sentiment.
The global market capitalisation of all cryptocurrencies edged lower to $3.3 trillion, fell by about 4% in 24 hours over Bitcoin and Ethereum sell pressure.
The Fear & Greed Index is at 25 on Thursday, indicating extreme fear, which is lower than the previous month’s neutral 40. This suggests a negative shift in investor sentiment.
Cryptocurrencies markets flipped sharply as December rate-cut odds collapsed from near-certainty to a coin flip. BTCUSD slipped by 3% to $98k, ETH$ETH fell to $ 3,200, and altcoins followed as traders priced in tighter liquidity through year-end.
Struggling to recover, Bitcoin is trading at $98.6k at the time of writing as trading volume reached $98.06 billion. The world largest digital asset market value has plunged to $1.968 billion.
Down by about 7% in 24 hours, Ethereum market capitalisation has nosedived to $385 billion as trading volume settled at $47.191 billion. Stablecoin inflows into exchanges declined sharply on Thursday, signalling weaker dip-buying appetite.
Macro traders now see a 70% chance the Fed holds rates steady into Q1 2026 — a scenario that could pressure risk assets but strengthen long-term conviction in Bitcoin’s “hard money” narrative.
Consistent Bitcoin and Ethereum outflows from exchanges signal strong-hand accumulation, not panic selling. The recent price pullback appears to be a healthy consolidation rather than the start of a major downtrend, crypto analysts said. Access Holdings Employee Share Vesting: What It Means for the Group, Investors
