The Bitcoin price has fallen below $100,000 for the first time in four months, wiping out nearly 6% of its value within a single day. The drop can be attributed to a strengthening US dollar, outflows from Spot Bitcoin ETFs, and massive liquidations across the crypto futures market, causing investors to question whether the long-anticipated bear market has finally arrived. Notably, Bitcoin’s correction also rippled through the entire crypto sector, where the total market capitalization fell below $3.5 trillion for the first time in months.

Bitcoin Price Crashes Below $100,000

Bitcoin has spent the past 30 days with a lack of clear bullish price action. Although it started October with a rally to break above $126,000 for the first time, which was a new all-time high, the

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