🥲 Bitcoin Plunges To $100K

Plus, Michael Saylor finds some more money.

Author

Ivan
November 07, 2025

Happy Friday!

Bitcoin is back below $100,000, and the downtrend doesn’t look like it’s ending anytime soon — what is going on?

MSTR continues to suffer despite Strategy announcing that its latest stock offering got upsized by over $200 million.

Plus, if you’re interested in a different spin on the Magnificent 7 approach to investing, check out this webinar to get an exclusive pre-launch look at Cboe’s “Magnificent 10” index.

TOP STORY

Bitcoin sliced below $100,000 on Friday morning, giving sellers a clean runway toward the $92,000 demand zone.

Bitcoin slipped after failing to reclaim the mid-range support near $102,500–$104,000.

Once that zone broke, sellers accelerated momentum, pushing price into the $99,000 area.

Unlike past rebounds from this demand block, buyers showed little urgency this time.

Ethereum and XRP are down around 5% as well.

Where does this downtrend end?

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QUICK N DIRTY

Eric Trump is bullish on Bitcoin — unlike banks, which, according to Trump, want “as many middlemen as possible.”

Anthony Scaramucci predicts memecoins will trend to zero over time — but that is not his problem.

Google will leverage Polymarket and Kalshi for data and predictions soon — here are all the details about the new partnerships.

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FINTECH FOCUS

Strategy Inc. announced an increase of a high-yield preferred offering to fund more Bitcoin purchases, but MSTR shares plunged to $230 as traders sold the news.

The company announced it would issue 7.75 million shares of its 10.00% Series A Perpetual Stream Preferred Stock (STRE) at €80 ($92.60) per share.

Settlement is expected on Nov. 13, subject to customary closing conditions.

The sale will raise €620 million ($715 million) before costs, leaving about €609 million ($702 million) in net proceeds after underwriting fees and expenses.

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