Bitcoin, the flagship cryptocurrency, plunged below the $100,000 level earlier today for the first time since June 22. It reached an intraday low of $99,941 on the OKX exchange before paring some losses. At press time, Bitcoin is trading at $101,299.

The top coin has now officially entered correction territory, plunging by more than 22% from its record peak achieved earlier this month. The odds of Bitcoin collapsing all the way to $90,000 this year have now reached 51% on betting website Polymarket. For comparison, there was only an 11% chance of Bitcoin hitting that level just a month ago. This dramatic shift highlights how quickly market sentiment can change.

Bitcoin’s recent crash has been triggered by a sell-off in US equities amid growing fears of an artificial intelligence (AI) bubble. As a result, the leading cryptocurrency is now up by just a mere 8% this year, substantially underperforming gold.

### Ethereum Turns Negative for 2025

Meanwhile, Ethereum has now turned negative for the year, plunging below $3,300. The altcoin is down by as much as 34% from its record peak, reflecting broader market weakness in the crypto space.
https://bitcoinethereumnews.com/bitcoin/breaking-btc-plunges-below-100k-is-90k-next/