[Bitcoin Now] Bitcoin Drops to the $104,000 Range
The price of Bitcoin has dropped to the $104,000 range.
![[Bitcoin Now] Bitcoin Drops to the $104,000 Range](http://www.asiae.co.kr/news/img_view.htm?img=2025061315255497648_1749795954.jpg)
According to CoinMarketCap, a global virtual asset market data platform, as of 5:06 p.m. on November 4, the price of Bitcoin stood at $104,174.24, down 3.15% from 24 hours earlier. This marks a 3.15% decline compared to the previous day.
Altcoins are experiencing a similar trend. Ethereum fell 6.25% to $3,482.27, while Ripple (XRP) dropped 7.22% to $2.24. In addition, Solana declined 11.09% to $156.78.
The downward trend in virtual assets is attributed to weakened investor sentiment caused by forced liquidations of virtual asset derivatives. According to Coinglass, a virtual asset data provider, the total liquidation amount of virtual assets over the past 24 hours reached $1.24 billion (approximately 1.7839 trillion won).
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Additionally, liquidity shifts resulting from bullish domestic and global stock markets are also cited as reasons. The KOSPI recently surpassed the 4,200 mark, reaching an all-time high. In the New York stock market, the Dow Jones, Nasdaq, and S&P 500 have also set new record highs.
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