Bitcoin Hits $100,000 as Altcoins and U.S. Stocks Decline

Bitcoin briefly dipped to $98,000 before recovering, as Ethereum and altcoins faced steep losses amid a broad market sell-off impacting crypto and equities.

BTC
ETH

Summary

On Nov. 14, Bitcoin dropped to $98,000 before rebounding to $100,294, while Ethereum fell below $3,200 to $3,252. The total cryptocurrency market capitalization declined 2% to $3.45 trillion, coinciding with sharp losses in U.S. stocks and crypto-linked equities. Altcoins saw widespread declines, with BANK suffering the largest drop at 29.8%. The downturn reflects broader weakness across both digital asset and traditional markets.

Terms & Concepts
  • Altcoins: Cryptocurrencies other than Bitcoin, often with different use cases or technical features.
  • Market Capitalization: The total value of a cryptocurrency, calculated by multiplying its current price by the circulating supply.
  • Bitcoin: The first and largest cryptocurrency by market capitalization, operating on a decentralized blockchain network.