Bitcoin Slips to Lowest Levels in Months Amid Market Volatility

Bitcoin Experiences Significant Decline

Bitcoin's value fell below the $100,000 threshold on the Coinbase exchange during the US afternoon session on Tuesday.

This decline mirrored Ethereum's negative trend for 2025, marking the altcoin's sharpest daily fall in recent months.

Brief Dip Below $100,000

Amid the New York mayoral elections, Bitcoin briefly slipped below the $100,000 mark on Coinbase. It quickly rebounded, trading at $100,977 at the time of reporting, with an intra-day low of $99,908, a level last seen on June 23, 2025.

Bitcoin's recent decline represents a 20% drop from its October peak of $126,296, erasing excessive market leverage and potentially leading to ongoing volatility amid broader market uncertainty.

Despite the downturn, some investors see this as a buying opportunity. Analyst Joao Wedson suggests the $100,000 to $101,000 range could be an opportune moment for investment, depending on Bitcoin's current phase.

Elliott Wave analysts predict the bear market may continue until late 2026, potentially applying extended downward pressure on Bitcoin. Additionally, prediction market bettors on Kalshi are wagering on further declines, with some anticipating prices below $80,000.

This development follows Ethereum's negative turn for 2025, having begun the year near $3,353, and experiencing a 7% daily drop, the steepest in months.