Macro Uncertainty Pushes Crypto Prices Down as Bitcoin Falls Below $104K

Published: 2025-11-12 05:59:12 |

Crypto prices declined amid rising macroeconomic uncertainty and cautious investor sentiment. The total cryptocurrency market value dropped 2.6% to $3.55 trillion, with Bitcoin falling 2.3% to $103,167 and Ethereum sliding 4.3% to $3,442. XRP and BNB also dipped by 4.9% and 3.9%, respectively. Weak US jobs data and fiscal stability concerns rekindled fears of an economic slowdown, while Fed caution on rate cuts strengthened the dollar and reduced demand for risky assets. Renewed tariff proposals further stoked inflation worries, recalling October’s leveraged liquidations. CoinGlass reported $470 million in crypto liquidations over 24 hours—up 44%—and futures open interest fell 1.2% to $142 billion. The Crypto Fear & Greed Index dropped two points to 24, indicating extreme fear. With an average RSI of 46, the market may continue consolidating before its next major move. Analysts at Coinbase and Sygnum view this pullback as a pause rather than a reversal. They cite $100,000 as Bitcoin’s key short-term support and expect stabilization once liquidity improves in December. Traders will watch inflation data, ETF inflows and the upcoming Fed meeting for potential triggers.

Bearish

This news is classified as bearish because major cryptocurrencies saw price declines amid macroeconomic headwinds and a plunge in market sentiment. Key indicators—such as a 2.6% drop in total market cap, a two‐point fall in the Fear & Greed Index to extreme fear, and a 44% surge in liquidations—reflect mounting selling pressure. Historically, weak US jobs data and Fed caution have triggered similar sell‐offs, as seen in prior inflation scares that led to leveraged position liquidations in October. In the short term, traders may remain risk‐off until clearer signals emerge from upcoming Fed meetings, inflation reports and ETF inflows. Long‐term, support around $100,000 for Bitcoin and potential December liquidity improvements could stabilize prices, but immediate momentum remains negative.