The post Crypto, Stocks Fall as Traders Pivot: How Low Can Bitcoin Go? appeared com. In brief Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off. Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers. Experts see potential support at $98,000, with a worst-case scenario target of $85,000. Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane. Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before recovering slightly, marking a 21% decline from its October peak, CoinGecko data shows. The broader crypto market capitalization fell to $3. 44 trillion, its lowest level in four months. The sell-off also triggered over $2 billion in liquidations across digital assets, the second consecutive day of a major unwind in leverage. Regardless of the key catalysts driving the selloff or how good the network fundamentals look, the critical question for investors is how much further prices could decline from here. Ryan Yoon, Senior Research Analyst at Tiger Research, expects Bitcoin to hold $98,000 and maintains his long-term $200, 000 price target. The downturn reflects a fundamental shift in market dynamics, specifically risk aversion, Tim Sun, Senior Researcher at HashKey Group, told Decrypt. “Bonds were the only asset class to post meaningful gains, while most risk assets-including Bitcoin, gold, and equities-saw broad-based pullbacks,” he said. “Even if downside pressure persists, the $85,000 level remains a strong area of support for Bitcoin.” “USD strength may be one of the main driving forces behind the market-wide fall in price,” Jiehan Chen, Operations Onboarding Lead Analyst at Schroders, told Decrypt. Other experts echoed that a strengthening U. S. dollar is a key pressure point for.
