What Caused Bitcoin’s Recent Price Drop? An Expert Analyst Responds

The cryptocurrency market came under severe selling pressure in the first week of November, with the outlook ￰0￱ October's volatile run continues, Bitcoin fell nearly 21% from its recent high to $99,000 on ￰1￱ BTC soon returned above the psychological $100,000 threshold, experts believe the crypto market's extraordinary rally may be over for a ￰2￱ declines in Bitcoin and altcoins over the past week are particularly striking. Today, Bitcoin rebounded slightly to just below $101,000, but it's still down about 5% on a weekly ￰3￱ fell 12% to below $3,372 during the same period, while Solana fell 19% to below $158. While Bitcoin advocates tout the asset as a “gold-like independent store of value,” its price movements are also aligned with global economic ￰4￱ week's cryptocurrency market weakness coincided with uncertainty surrounding the Fed's future policy and a decline in the S&P ￰5￱ News: Surprising Statements from Ripple (XRP) CEO Brad Garlinghouse: “In 2026...” Jasper De Maere, OTC trader at Wintermute, noted that the current weakness is a “combination of the October 10 crash, a slightly more hawkish tone from the Fed, and a general risk-off trend.” Recent statements from Fed Chair Jerome Powell have also dampened the crypto ￰6￱ said the October interest rate cut could be the last of the year, noting that committee members have “differing views” on the ￰7￱ and Ethereum retreated 1.6% and 2%, respectively, in the 24 hours following Powell's ￰8￱ analysts believe the crypto market weakness could persist for some time.

“Many long-term investors who believe in the four-year cycle theory are selling positions, convinced the cycle has peaked,” said James Butterfill, research director at CoinShares. *This is not investment ￰9￱ Reading: What Caused Bitcoin’s Recent Price Drop? An Expert Analyst Responds