Bitcoin prices fell to below $100,000 on the Coinbase exchange during the afternoon hours of U.S. trading on Tuesday.
This follows Ethereum’s move to turn negative in 2025, amid the altcoin’s biggest daily decline in months.
Bitcoin Brief drops below $100,000
While the US was busy with Tuesday’s New York mayoral election, the price of Bitcoin briefly fell below $100,000 on the Coinbase exchange.
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It only lasted for a moment and quickly pulled back, with BTC trading at $100,977 as of this writing. As of this writing, the intraday low for the Pioneer cryptocurrency is $99,908, a level last tested on June 23, 2025.
The latest drop has sent Bitcoin down more than 20% from its October high of $126,296 hit early last month. This decline could also remove excess leverage from the market, setting the stage for continued volatility amid widespread market uncertainty.
Despite the widespread economic downturn, some Bitcoin holders have continued to hoard during the price drop. Analyst Joanne Wesson says that depending on the current stage of BTC, the $100,000 to $101,000 range could be a good buying opportunity.
Elsewhere, Elliott Wave analysts say the bear market is expected to last until the second half of 2026. If this is true, the Pioneer cryptocurrency could be under long-term downward pressure.
Meanwhile, bettors on the prediction market Karshi are betting on the big chance that the price of Bitcoin could fall further, with some predicting a low of below $80,000.
This development comes shortly after Ethereum turned negative in 2025, starting the year at around $3,353. The move marked a 7% single-day drop, the biggest drop in recent months.
