Bitcoin Slips Below $100K as Global Markets Sell Off on AI Bubble Fears and December Rate-Cut Doubts

Global risk-off extended into both crypto markets. The crypto market slipped about 4.8% in the past 24 hours, trimming to roughly $3.455 trillion in aggregate value. Bitcoin briefly fell under $100,000 while Ethereum hovered near $3,000, underscoring persistent volatility in top-tier assets and liquidity dispersion across sectors.

US equities closed lower: Dow off 0.53%, S&P 500 down 1.17%, Nasdaq about 2%. European futures likewise declined: Euro Stoxx 50 futures down >1%, DAX and FTSE futures softer. In Asia, KOSPI dipped below 4,000 and Nikkei 225 traded beneath 50,000. Market attention centers on AI sector valuations, the potential for a December rate cut, and tariff-power headlines from the Supreme Court. ADP October payrolls release showing 22,000 new jobs adds a cautious macro backdrop.