Bitcoin falls below $100,000

Data from Binance shows that at 9:30 a.m. on November 14 (Vietnam time), Bitcoin (BTC) price decreased by 1.93% compared to the previous day and traded around $99,700 .

Not only Bitcoin, other cryptocurrencies also fell sharply. Specifically, Ethereum (ETH) fell 5% to $3,233 , while other major altcoins such as Dogecoin (DOGE) and Solana (SOL) simultaneously fell 4-5%.

The world’s largest digital currency has lost 8.5% of its value since early November amid rising US bond yields and waning expectations for monetary easing. Experts say the decline is mainly related to short-term position liquidation, while long-term investors still maintain an accumulation trend.

According to data from Santiment, social media sentiment around major cryptocurrencies has soured markedly in recent days and traders have become more cautious as prices continue to weaken.

“Bitcoin has fallen below $100,000 for the second time this month. As expected, this has caused a wave of negative news coverage and a series of worried posts from retail traders on social media,” Santiment said.

The US stock market also fell sharply in the trading session on November 13 as the sell-off spread among artificial intelligence (AI) stocks and investors reduced their expectations that the US Federal Reserve (Fed) would continue to cut interest rates in December.

All three major US stock indexes recorded their sharpest daily declines in more than a month. Specifically, the S&P 500 index ended the session down 1.66% to 6,737.49 points; the Nasdaq Composite index fell 2.29% to close at 22,870.36 points, while the Dow Jones index also lost 1.65% compared to the reference, bringing the score down to 47,457.22 points.

Source: https://vtv.vn/bitcoin-rot-moc-100000-usd-10025111410545287.htm