Bitcoin Careens Toward $100K as Morning Bounce Fails

Why It Matters

The steep price declines and heightened fear index suggest renewed bearish momentum that could pressure institutional investors and drag down crypto‑linked stocks, widening the market’s downside risk.

Summary

Bitcoin slid to $104,608, breaching the $102,000 mark and marking its weakest level since late June, down 4.5% in 24 hours and 11.8% over the past week. Ethereum and other major tokens fell 5‑7% each, while crypto‑related equities such as MicroStrategy, Coinbase and Galaxy dropped around 5%. The Fear & Greed Index plunged to 21, signaling extreme fear, and Paris‑based Sequans announced the sale of 970 BTC to reduce debt. The broad sell‑off underscores a sharp reversal from the recent rally toward $100,000.