Bitcoin Rebounds Above $102K Amid Market Volatility
Bitcoin is back above $102,000 after briefly falling below the $100K mark, causing a wave of uncertainty across the crypto market. While many major cryptocurrencies dropped between 2% to 5%, some signs of recovery are now showing.
At the moment, Bitcoin (BTC) is down 2%, trading at around $102,100. Ethereum (ETH) has taken a bigger hit, falling 5% to about $3,320. Binance Coin (BNB) slipped 1% to $945, and Solana (SOL) is down 2%, sitting at $157.
Despite the overall dip, a few altcoins made strong gains. ZK jumped 24%, DASH and ASTER both rose 12%, and HYPE climbed 9%. These tokens stood out as top performers amid the market turbulence.
The recent price drop caused over $1.7 billion in crypto liquidations on Tuesday, mostly due to Bitcoin dipping under $100,000 and Ethereum nearing the $3,000 mark. Meanwhile, the Fear and Greed Index moved up slightly to 23, but it’s still deep in the “Extreme Fear” zone—meaning investors remain very cautious.
In terms of ecosystem news, Berachain restarted its blockchain after a one-day outage caused by an exploit involving Balancer. The good news? The funds were returned and operations are back online.
Chainlink made a major announcement with the launch of its Chainlink Runtime Environment (CRE). This new tool helps traditional financial institutions deploy smart contracts across several blockchains while staying compliant with regulations and existing systems.
Crypto exchange Gemini is also making moves. It’s planning to launch a prediction market platform after applying for a DCM (Designated Contract Market) license from the U.S. Commodity Futures Trading Commission (CFTC) back in May.
On the business side, Marathon Digital (MARA) reported record-breaking Q3 revenue of around $252 million. The company is now expanding beyond crypto mining into artificial intelligence (AI) compute services.