Markets
What to know:
- Ah, Bitcoin! That most fashionable of digital assets, now tumbling down the stairs of fortune with all the grace of a penguin in a ball gown. Its descent below $100,000? Inevitable, darling. The market’s selling spree is a masquerade ball where everyone’s dressed as “panic.”
- The Fear & Greed Index? A veritable Shakespearean tragedy. “Extreme fear” it declares, as if the market’s been invited to a tea party hosted by the Grim Reaper. 🕯️🍵
Bitcoin, that modern-day Icarus, continued its nosedive on Tuesday U.S. hours, plummeting below $102,000 with the elegance of a soufflé meeting a ceiling fan. The lows of October 10’s crash? A mere footnote in its descent. 🛫💥
The largest crypto plunged 4.5% in 24 hours and 11.8% in seven days, now flirting with $101,900-a price so weak it’s practically whispering, “Remember me? I was here in June.” 🗣️📉
Ethereum’s ether, that once-vibrant flame, now flickers below $3,410, the lowest in three months. BNB, Solana’s SOL, and Cardano’s ADA? They’ve joined the party, declining 5%-7% with the enthusiasm of a toddler refusing broccoli. The entire ensemble is down 15%-20% this week-how quaint. 🌱📉
Crypto-related stocks? Not spared, of course. MicroStrategy (MSTR), the market’s most enthusiastic BTC hoarder, tumbled 5% to its weakest since April. Coinbase (COIN) and Galaxy (GLXY) followed suit, as if the stock market had suddenly learned the rules of Russian roulette. 🎰💣
Investor sentiment? A melodrama in four acts. The Fear & Greed Index sank to 21, a score so bleak it could make a vampire weep. This is the same number that haunted April’s tariff tantrum, when BTC fell below $75,000 like a deflated balloon at a funeral. 🎈⚰️
The collapse of the bitcoin treasury company bubble? A scandal straight out of The Importance of Being Earnest. Accumulators, once proud BTC holders, now sell with the subtlety of a man shouting “FIRE!” in a crowded theater. Paris-based Sequans, for instance, recently sold 970 BTC to pay down debt-because nothing says “financial sophistication” like turning your cryptocurrency into a down payment on a yacht you’ll never own. 🛥️💸
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2025-11-04 20:41