Crypto Market Plunges: Why Is Bitcoin Below $100K?

Bitcoin’s price plummeted below the crucial $100,000 mark on Thursday, dragging the broader cryptocurrency market into deeper losses. This recent downturn comes as global risk assets experience a sell-off driven by expectations for reduced Federal Reserve rate cuts in December. 2025’s peak might have already been reached, with analysts pointing to this trend and liquidity concerns as primary factors driving the current price drop.