Bitcoin Slides Below $107,000 as Crypto Market Hits Four-Day Losing Streak

Why It Matters

The outlook hinges on near‑term macro developments, including a widely anticipated Fed rate cut later this month that could influence liquidity and sentiment.

Summary

Bitcoin fell below $107,000 to $106,400 on Friday as the crypto market extended a four‑day losing streak, with Ether down about 3.2% to $3,830 and total market cap sliding 1.5% to $3.70 trillion. Roughly $972 million of crypto positions were liquidated in 24 hours (about $345 million in BTC and $231 million in ETH), while spot Bitcoin ETFs saw $536 million of outflows Thursday (about $637 million over two days). Market participants cited rising geopolitical tensions, trade uncertainty and a U.S. government shutdown as drivers of risk‑off flows, and some strategists now predict a multi‑year bear market with Bitcoin possibly falling toward $70,000–$80,000. The outlook hinges on near‑term macro developments, including a widely anticipated Fed rate cut later this month that could influence liquidity and sentiment.