Bitcoin Price Drops Again! Here's the Reason and Latest Data

Bitcoin's price has recently fallen back to the $100,000 mark, testing this critical support level once more.
While the cryptocurrency market starts the week on a weak note, Bitcoin has resumed its decline. The BTC unit has dropped to $100,794, losing 2.81% in the last 24 hours.

The weekly loss stands at 6.25%. The overall sell-off in the market, combined with increasing macroeconomic uncertainties, appears to have significantly shaken investor confidence.

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Crypto NewsAnalysisBitcoin Price Drops Again! Here's the Reason and Latest Data
AnalysisCryptoNews
Bitcoin Price Drops Again! Here's the Reason and Latest Data
Bitcoin's price has recently fallen back to the $100,000 mark, testing this critical support level once more.

Author:
Mete Demiralp
11/07/2025 - 12:15 AM

Update: 11/07/2025 - 12:15 AM
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As the crypto market begins the week on a weak footing, Bitcoin has resumed its decline. The BTC unit has fallen to $100,794, losing 2.81% over the past 24 hours.

The weekly loss is around 6.25%. The widespread sell-off, combined with rising macroeconomic uncertainties, has clearly undermined investor confidence.

A chart showing the recent decline in Bitcoin.
One of the main triggers for the recent sell-off in Bitcoin was the hawkish comments made by Federal Reserve Chair Jerome Powell during his latest press conference. Powell stated that a December interest rate cut is “not guaranteed” and emphasized that economic data still needs careful monitoring.

This statement reduced expectations of a year-end rate cut, putting pressure on risky assets. The crypto market, especially Bitcoin, reacts quickly to signals of the Fed’s tight monetary policy.

In the U.S., Congress’s reluctance to agree on the budget deal has led to the government shutdown extending beyond record levels. This situation not only worsens the macroeconomic outlook but also significantly dampens market risk appetite. As uncertainty in the crypto market increases, volatility is also rising.

The ongoing trade dispute between the White House and the Supreme Court over tariff authority is heightening concerns in the global trade environment.
Along with the declines, the crypto market experienced $575 million in liquidations over the past 24 hours, with $407 million of that in long positions.
INVESTMENT WARNING: THIS IS NOT FINANCIAL ADVICE #CryptoMarketPullback $BTC $GT