Well, if you were hoping Bitcoin would stay as steady as a bishop’s bonnet, think again. The darling of digital dough took a bit of a nudge south today, slipping below that oh-so-sturdy $100,000 mark for the first time since June 22 – shocking, truly. In the chaos, it dipped as low as $99,941 on the OKX exchange, before deciding it quite liked the view from $101,299 and clambered back up. Such a diva! 🤷♂️
This coin, once as invincible as a tank and twice as shiny, has now officially begun its waltz into correction territory, dropping more than 22% from its peak earlier this month. Honestly, it’s practically doing the limbo – how low can you go? The betting folks at Polymarket now fancy a 51% chance that Bitcoin might stumble further to $90,000 this year. Just a month ago, that was a mere 11%. The market’s mood swings are more dramatic than a Galsworthy heroine on a bad day. 🎭
The latest tumble appears, quite amusingly, to be caused by a sell-off in the US stock market – apparently investors got cold feet over fears of an AI bubble burst. Fancy that! It’s all a game of dominoes, and the AI fears were the first to tip the lot over. 🤖💥
And if you thought Bitcoin was the only one having a rough ride, think again. Gold’s been sitting pretty so far this year, outpacing Bitcoin quite handily, which must be a royal pain for the crypto enthusiasts who imagined their digital coins were as unstoppable as a brass band on a Sunday morning.
Ethereum’s tantrum – 2025 looking gloomy
Meanwhile, Ethereum, that other blockchain darling, has decided it’s not quite as cheerful as it once was. It’s now turned negative for 2025, plunging below its $3,300 throne and down by a hefty 34% from its all-time high. Looks like even the most promising of tokens can have their bad hair days. 😅
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2025-11-04 22:27