Crypto Carnage: Bitcoin Tanks, $260B Vanishes, and U.S. Investors Take Flight

It was a week of confusion and disappointment for crypto enthusiasts. Bitcoin (BTC), which had danced around the $100,000 mark like a prizefighter, slipped below that critical threshold twice-no one saw that coming. Having started the week above $110,000, BTC faltered and fell, unable to break through the $105,000 resistance before dropping to a low of $99,607 on November 4th. This wasn’t just a blip on the radar; this marked the first time Bitcoin had dipped below $100,000 in over four months. Turns out, investors weren’t as confident about the digital gold rush as they once were.




