{"id":56663,"date":"2025-11-04T17:46:52","date_gmt":"2025-11-04T17:46:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56663"},"modified":"2025-11-04T17:46:52","modified_gmt":"2025-11-04T17:46:52","slug":"bitcoin-price-plunges-toward-100k-as-analysts-call-the-start-of-a-bear-market","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56663","title":{"rendered":"Bitcoin Price Plunges Toward $100K as Analysts Call the Start of a Bear Market"},"content":{"rendered":"<div>\n<p>Bitcoin cannot catch a break on Tuesday as its adverse price movements continue to dig new lows, with the latest being at just under $101,000.<\/p>\n<p>With the asset now on the brink of its first price dump below $100,000 since June, whales and treasury companies have begun to offload, while some analysts believe this is the official start of a bear market.<\/p>\n<p>Sequans Communications, one of the numerous BTC treasury firms, <a href=\"https:\/\/www.newsfilecorp.com\/release\/273105\/Sequans-Redeems-50-of-Convertible-Debt-Through-Strategic-Asset-Reallocation\">announced<\/a> today that it had redeemed 50% of convertible debt issued to purchase bitcoin by selling off 970 units of the cryptocurrency. Thus, it reduced its total outstanding debt from $189 million to $94.5 million. Its BTC stash has dropped to 2,264 from 3,234.<\/p>\n<p>In another bearish development, which intensified the immediate selling pressure on the asset, whales had offloaded $272 million worth of the asset, as <a href=\"https:\/\/x.com\/ali_charts\/status\/1985739314320326839\">reported<\/a> by popular analyst Ali Martinez.<\/p>\n<p>These moves have only added to the overall negative landscape in the crypto industry for the past week. Recall that BTC challenged the $116,000 resistance last Tuesday only to be rejected and driven south hard.<\/p>\n<p>The beginning of the current business week has been particularly painful. Bitcoin was <a href=\"https:\/\/cryptopotato.com\/bitcoin-altcoins-take-another-beating-privacy-coins-buck-the-trend-market-watch\/\">stopped<\/a> at $111,000 on Sunday and has <a href=\"https:\/\/cryptopotato.com\/whats-next-for-bitcoins-price-sub-100k-dump-or-launchpad-in-disguise\/\">dumped<\/a> by $10,000 since then to just under $101,000 hours ago.<\/p>\n<p>Moreover, the cryptocurrency has retraced by roughly 20% since its all-time high marked less than a month ago. As such, the Kobeissi Letter categorized it as the beginning of the bear market.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">BREAKING: Bitcoin officially enters bear market territory, now down -20% since its record high seen on October 6th.<\/p>\n<p>We are living in the most exciting market in history. <a href=\"https:\/\/t.co\/EHoyb8xsZK\">pic.twitter.com\/EHoyb8xsZK<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1985759382932422983?ref_src=twsrc%5Etfw\">November 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The altcoins have been in an even worse state over the past day. TAO leads the adverse trend with a massive 18% decline, followed by IP, APT, KAS, OKB, TON, SOL, and many others.<\/p>\n<p>The larger caps have suffered badly as well, with ETH dumping by 7%, XRP by 6%, BNB by 8%, and SOL by 8.5%.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-plunges-toward-100k-as-analysts-call-the-start-of-a-bear-market\/\">Bitcoin Price Plunges Toward $100K as Analysts Call the Start of a Bear Market<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin cannot catch a break on Tuesday as its adverse price movements continue to dig new lows, with the latest being at just under $101,000. With the asset now on the brink of its first price dump below $100,000 since June, whales and treasury companies have begun to offload, while some analysts believe this is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56663","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56663"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56663\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}