Bitcoin extended its downward trajectory on Tuesday, continuing the prolonged decline that had characterized an October marked by volatility and investor unease. The world’s most prominent digital currency found itself under renewed selling pressure as a strengthening United States dollar exerted additional strain on risk assets. Simultaneously, disruptive events and speculative behavior within the decentralized finance (DeFi) sector amplified uncertainty across the broader crypto ecosystem, eroding confidence and compelling traders to adopt a more defensive stance.
At one point during the trading session, Bitcoin fell by as much as 2.5%, reaching approximately $104,179—a level not seen in more than two weeks. This decline signified a notable retreat from earlier gains and underscored the market’s fragile sentiment, with investors increasingly sensitive to fluctuations in macroeconomic indicators and liquidity conditions. The strengthening of the dollar, often viewed as a safe-haven response to global financial instability, heightened the relative cost of holding digital currencies, which are typically priced against the greenback.
Ether, the second-largest cryptocurrency by market capitalization and a cornerstone of the DeFi infrastructure, also experienced a meaningful slump. It dropped about 3.4%, slipping below the $3,500 threshold and thereby extending its pullback from recent highs. This movement mirrored Bitcoin’s weakness and reinforced broader concerns that speculative momentum within digital assets had cooled significantly. The simultaneous pressure on both leading cryptocurrencies illustrated the pervasive caution gripping the market, with participants reassessing exposure levels and anticipating potential regulatory or liquidity-driven headwinds in the near term.
Taken together, these developments capture a moment of renewed fragility within the digital asset landscape. Bitcoin’s decline, driven by macroeconomic crosscurrents and turbulence within decentralized finance, underscores the intricate relationship between global monetary dynamics and investor sentiment in the evolving realm of cryptocurrency.
Sourse: https://www.bloomberg.com/news/articles/2025-11-04/bitcoin-btc-hits-two-week-low-with-risk-appetite-muted-after-wipeout
