Bitcoin Tumbles Below $100K as Crypto Market Sentiment Sinks

The year 2025 has been a disappointing one for Bitcoin (CRYPTO: BTC) investors so far. After reaching the psychologically important $100,000 price level in December 2024, Bitcoin's performance has been lackluster, with the cryptocurrency up just 12% as of November 11th.

This stagnation has coincided with a significant drop in overall crypto market sentiment. Bitcoin briefly dipped below the $100,000 mark in early November, and it appears the world's most popular cryptocurrency could revisit those levels before the year is over.

However, Bitcoin's long-term track record remains impressive. In eight of the past 10 years, Bitcoin has been the top-performing asset in the world. While there have been a couple of down years, such as 2018 when Bitcoin lost 64% of its value and 2022 when it declined 74%, the good years have more than made up for the bad.

This has led some investors to believe that now is the time to "buy the dip" on Bitcoin. The thinking is that long-term, patient investors tend to make money, while short-term speculators do not. And with Bitcoin's history of bouncing back from downturns, some see the current weakness as an opportunity to load up on the cryptocurrency.

But others caution that the rules may have changed now that Bitcoin is a more mainstream asset held by institutional investors and hedge funds. They argue that Bitcoin can no longer be viewed as uncorrelated to the broader market, and that bad macroeconomic news is likely to weigh heavily on the cryptocurrency's price.