Bitcoin dipped below $100,000 for the first time since May 2025 amid a sharp crypto market sell-off, triggering over $2 billion in liquidations. However, prices are rebounding, with BTC now at $102,300, ETH above $3,340, and SOL nearing $160, signaling potential recovery in the volatile market.
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Bitcoin price recovery: BTC falls 6% but climbs back to $102,100 after brief sub-$100k wick.
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Altcoins like ETH and SOL drop 10-15%, with some memes down 30-60% monthly, but sentiment shows early stabilization.
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Liquidations exceed $1.7 billion on Tuesday; Fear and Greed Index at 23, still in Extreme Fear but up 2 points.
Explore Bitcoin’s latest dip below $100k and swift recovery signs in 2025. Key insights on market volatility, ETF flows, and altcoin trends—stay informed to navigate crypto ups and downs today.
What Caused Bitcoin’s Dip Below $100,000 in November 2025?
Bitcoin experienced a sharp 6% decline on Tuesday, November 5, 2025, pushing its price just under $100,000 for the first time since May, amid broader market pressures including over $2 billion in long liquidations across major exchanges. This drop resolved a high-profile prediction market bet on the Myriad platform, where the “Mando vs KBM” wager saw Bitcoin hit $100k before $120k. While initial panic ensued, the cryptocurrency quickly rebounded, trading at $102,300 by Wednesday morning, highlighting the market’s inherent volatility.
How Are Major Altcoins Reacting to the Bitcoin Price Dip?
Ethereum (ETH) and Solana (SOL) mirrored Bitcoin’s downturn, each falling 10-15% to below $3,100 and $150, respectively, as cascading sales amplified the sell-off. Several alternative coins and meme tokens suffered steeper losses, with declines of 30-60% over the past month, according to data from on-chain analytics. Despite the Extreme Fear reading on the Fear and Greed Index at 23—up slightly from Monday—recovery signs emerged as ETH surpassed $3,340 and SOL approached $160. Experts note that such pullbacks are typical in bull markets; as DCinvestor observed on social media, “ETH saw drawdowns of -37% in February 2021, -23% in April 2021, and up to -60% in May-July 2021, each followed by recoveries—perhaps this is just a reminder of bull market dynamics.” This perspective underscores historical precedents where volatility precedes outsized gains, supported by ongoing institutional interest.
In the broader market, other cryptocurrencies showed mixed resilience. ZKsync’s token surged 25% following announcements on its ZK token utility, including buybacks and burns, while DASH and ASTER rose 12% each. Gemini revealed plans for a prediction market, applying for a Derivatives Clearing Organization license from the CFTC earlier in the year. Marathon Digital reported record Q3 revenue of approximately $252 million, expanding into AI compute services alongside its Bitcoin mining operations.
Corporate treasury movements highlighted shifting strategies. Sequans, a semiconductor firm holding Bitcoin as a digital asset treasury, sold $100 million worth, joining other firms in unwinding positions. Conversely, Hut 8 bolstered its holdings to over 13,000 BTC, entering the top-10 public Bitcoin treasuries. Michael Saylor’s Strategy (STRC) stock reached $100 for the first time that Tuesday. Bitcoin ETFs faced $566.4 million in net outflows, with ETH ETFs seeing $219.4 million outflows, though Solana’s Bitwise ETFs recorded $15 million inflows, maintaining a positive streak.
Meme coins displayed varied performance post-downturn: DOGE down 1%, Shiba Inu 2%, PEPE 2%, while BONK gained 1% and FARTCOIN 2%. Jellyjelly spiked to a $500 million market cap before retracing nearly 60% to $222 million. Notable movers included the token 1, up 80% to $27 million, and ALCH, rising 27% to $70 million.
In protocol updates, MoonPay partnered with Pump.fun to enable on-ramping via Revolut, Venmo, Google Pay, and PayPal directly into the app. ZKsync detailed utility for its ZK token, focusing on buybacks and burns to enhance value. Timefun announced it is winding down operations and transitioning to a new product, advising users to withdraw funds promptly.
NFT markets showed recovery tones, with leaders like CryptoPunks down 1% at 35.5 ETH, Pudgy Penguins up 2.5% at 5.56 ETH, and Bored Ape Yacht Club up 1% at 5.9 ETH. Hypurr’s collection rose 2% at 895 HYPE, while Moonbirds jumped 27% and Kodas 15%. In sports NFTs, Cooper Flagg’s first NBA Top Shot Moment sold for $14,000 in burned Moments, later resold for $12,500. NBA Top Shot unveiled an updated marketplace UI featuring price history, trends, and enhanced analytics. Virtuals and Pudgy Penguins collaborated on Pudgy AI, an tool that transforms user posts into customized Pengu videos using AI assistance.
Macro factors provide context for optimism. The average cost basis for all lifetime inflows into spot Bitcoin ETFs stands at approximately $89,600, per Nate Geraci of The ETF Store, with current prices around $100,000 offering a buffer for long-term holders. Pullbacks like this are common; historical data from previous cycles shows recoveries after similar drawdowns. Broader economic overhangs, such as the U.S. government shutdown, appear to be easing, potentially alleviating pressure. The core bull case persists: ETF inflows continue, 401(k) access to crypto expands, government spending drives debasement narratives, and U.S. regulatory embrace of Bitcoin fosters innovation. As Chainlink introduced the Chainlink Runtime Environment (CRE) for institutional smart contract deployment across blockchains with compliance features, the infrastructure supporting crypto growth strengthens. Berachain resumed operations after a day-long shutdown due to a Balancer exploit, with affected funds returned, demonstrating ecosystem resilience.
Frequently Asked Questions
What triggered the $2 billion in crypto liquidations on November 5, 2025?
The primary trigger was Bitcoin’s 6% plunge below $100,000, which cascaded into altcoins like ETH and SOL, forcing leveraged positions to liquidate. Exchanges reported over $1.7 billion in total liquidations that day, exacerbated by the resolution of prediction market bets and heightened market fear, though no single event like a hack was identified as the root cause.
Is the crypto market recovering after the recent Bitcoin dip?
Yes, early indicators point to recovery, with Bitcoin rebounding to $102,300, Ethereum above $3,340, and Solana nearing $160 as of Wednesday morning. While the Fear and Greed Index remains in Extreme Fear at 23, historical patterns suggest these dips often precede gains, bolstered by steady ETF interest and positive protocol developments.
Key Takeaways
- Volatility is inherent: Bitcoin’s brief sub-$100k dip triggered massive liquidations but quickly reversed, reminding investors of bull market norms.
- Institutional resilience: Despite outflows from BTC and ETH ETFs, Solana inflows persist, and firms like Hut 8 expand holdings.
- Protocol advancements: ZKsync’s token utility plans and Chainlink’s CRE launch highlight ongoing innovation to drive long-term adoption.
Conclusion
The cryptocurrency market’s Tuesday bloodbath, marked by Bitcoin’s dip below $100,000 and widespread altcoin declines, tested investor resolve but revealed underlying strength through rapid recovery signals. With altcoin reactions stabilizing and macro tailwinds like ETF accessibility intact, the sector remains poised for growth. As developments in prediction markets and AI integrations unfold, staying vigilant offers opportunities—consider reviewing your portfolio positions amid this dynamic landscape.
