Ethereum plummets 15% Bitcoin breaks $99,000
2025-11-04 21:50:24
On November 5th, cryptocurrencies continued to fall at the end of the US market. Ethereum fell by 15% to $3,061/piece; Bitcoin fell by more than 7% to below $99,000/piece. The Hong Kong Economic Journal reported that market risk aversion has heated up, global risk assets are under pressure, and cryptocurrencies are facing multiple interest rates, including the outflow of funds from exchange traded funds (ETFs), investors' concerns about selling digital asset companies have intensified, and the valuation of technology stocks has been at a high level after a sharp rise, and further upward momentum has been questioned. At the same time, the market is worried that the inflationary pressure in the United States may limit the policy easing space of the Federal Reserve, which is not conducive to risk assets. After the artificial intelligence-driven rally, the stock market is increasingly sensitive to any weakness in macro data or a shift in the Fed's policy path.
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