Bitcoin Plunges Below $107K as Crypto Markets Reset – Experts See “Controlled” Dip
Bitcoin’s price slid below $107,000 during Friday’s Asian trading session, marking a new phase of cautious sentiment across crypto markets coindesk.com. The tone in broader risk assets has soured in recent days, as investors rotate funds into safer havens and away from volatile tokens ahead of looming macroeconomic catalysts coindesk.com coindesk.com. After staging a modest relief bounce on Sunday and Monday, Bitcoin’s recovery quickly fizzled – and the market is once again drifting lower, erasing most of the gains made after last week’s liquidation shock coindesk.com. Indeed, as one strategist noted earlier this week, “the lack of new catalysts” had been stalling crypto’s momentum ts2.tech, leaving the door open for bears to reassert themselves absent fresh bullish drivers. This downturn comes on the heels of a sharp shock in the prior week that temporarily upended crypto’s “Uptober” rally. On Oct. 10, U.S.–China trade tensions suddenly flared after President Donald Trump announced 100% tariffs on Chinese goods – a surprise escalation that sparked a market-wide sell-off igamingafrika.com. Bitcoin, which had been trading near $117,000 earlier that day, plunged almost 10% within hours, hitting lows around $104K–108K igamingafrika.com. Over $19 billion in leveraged crypto positions were forcibly liquidated during the rout, one