Crypto Market Dips Below $100K, Bitcoin Falls

November 5th marks a significant downturn in the crypto market, with Bitcoin dropping below $100k and Ether plummeting nearly 9%. This decline mirrors a broader retreat in tech stocks, particularly AI-related companies. Despite positive developments, investors remain pessimistic, with bad news having a disproportionate impact. Retail investors are less likely to 'buy the dip', and Bitcoin could face further pressure if short-term traders continue to sell. This slide extends a multi-week decline, raising concerns of a potential thirty-seven percent crash, similar to 2018. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.