😰 Bitcoin Crashes 4% — What Now?

Plus, can MSTR hold its support level?

Happy Monday!

Bitcoin has plummeted below $106,000 and traders and market observers alike are wondering: is this the end of the bull run?

Strategy keeps buying Bitcoin, albeit at a slow pace: how do the 397 new BTC added impact the price of MSTR?

Plus, if you want to gain insights into how to trade November’s post-cut volatility, check out this free live session with our Chief Market Strategist, Matt Maley.

TOP STORY

Bitcoin is down 4% on Monday, leading experts to question whether the crypto giant will continue to follow its historic four-year market cycles.

Coin Bureau’s Nic Puckrin called October a rare disappointment, marking only the third time in history (after 2014 and 2018) Bitcoin didn’t rally that month.

Still, he noted BTC’s resilience, having absorbed 405 BTC in sell pressure from legacy holders while holding above $100,000 since May.

SPECIAL OFFER

Markets are moving fast after the Fed’s latest rate cut. Stocks are swinging sharply, metals are testing resistance and short-term setups are forming at the fastest pace in months. Join Matt Maley live on Wednesday, Nov. 5, at 6 p.m. ET to see how he’s positioning now, the signals he’s watching and the strategy he’s using to capture the next major move in this volatile market.

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin are reeling and have started the new week with heavy losses: here’s what’s driving the market today.

Shiba Inu keeps tumbling and has shed another 5% on Monday — can SHIB stage any kind of comeback?

XRP is also down 5%, but it has one potential ace up its sleeve: the launch of spot XRP ETFs later this year.

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FINTECH FOCUS

Strategy Inc. confirmed in a new SEC filing that it purchased 397 Bitcoin worth about $45.6 million between Oct. 27 and Nov. 2.

According to the Form 8-K filing, the company paid an average of $114,771 per Bitcoin, including fees and expenses.

This raised Strategy’s total holdings to 641,205 BTC, purchased for $47.49 billion at an average price of $74,057 each.

Executive chairman Michael Saylor announced the milestone on X, stating that the firm achieved a 26.1% Bitcoin yield year-to-date.

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