Bitcoin Drops to Six-Month Low Amidst Market Resilience

2025-11-14 18:46

Bitcoin has fallen below $100,000, marking a six-month low as the broader cryptocurrency market experiences a downturn. Despite the decline, Haseeb Qureishi of Dragonfly Capital described the current bear market as the 'easiest ever,' emphasizing that the industry remains robust compared to the severe disruptions of 2022, such as the collapses of Luna, 3AC, and FTX. Qureishi noted that the fundamentals of the crypto market are strong, with the ecosystem showing resilience despite the price drop. Bitwise CEO Hunter Horsley echoed this sentiment, suggesting the bear market might be nearing its end due to structural changes, including the introduction of Bitcoin ETFs and the entry of new market participants.

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