Bitcoin Drops Below $108,800 as Market Faces Strong Pressure and Investor Fear
Bitcoin and Other Cryptos Drop as Market Fear Grows
Bitcoin (BTC) and other major cryptocurrencies are falling again today as negative global news continues to affect investor confidence.
According to The Block, Bitcoin has dropped 1.57% in the last 24 hours to around $108,757 — its lowest level since early September after briefly falling below $108,000.
Ether (ETH) is also down about 1.5%, trading at $3,928. Other top coins like BNB, XRP, and Solana also slipped. The GMCI 30 Index, which tracks the top 30 cryptocurrencies, dropped 2% in the past day.
Min Jung, a researcher at Presto Research, said the market is reacting to tensions from the U.S.–China trade war, especially after recent statements from President Trump. Concerns about the health of regional banks in the U.S. have also added pressure, spreading weakness from the stock market to crypto.
The Crypto Fear & Greed Index currently sits at 22, showing “extreme fear” — similar to what’s being seen in the U.S. stock market.
On Thursday, U.S. stock markets closed lower due to worries about bad loans at Zions Bancorp and Western Alliance Bancorp, which were linked to fraud by the same borrowers. These problems came just as President Trump confirmed that the U.S. and China are officially in a trade war, despite efforts from Treasury Secretary Bessent to ease tensions.
Market Outlook
Vincent Liu, CIO at Kronos Research, said Bitcoin and Ether are still performing slightly better than stocks but warned that thin liquidity and high leverage could cause big swings if global markets worsen.
He added that both BTC and ETH showed some recovery after hitting their lows earlier in the day — suggesting that traders are buying the dip, though overall confidence remains limited.
Nick Ruck, Research Director at LVRG, said in a worst-case scenario, Bitcoin could fall below $100,000 if global economic or political risks rise. However, he also noted that possible U.S. interest rate cuts or new spot crypto ETF approvals could trigger a rebound by the fourth quarter.
For now, analysts expect crypto prices to move in line with U.S.–China trade news, which could either drive further losses or spark short-term recoveries depending on how events unfold.
