Crypto Market Cap Falls 4.8% to $3.455T as Bitcoin Drops Below $100,000

The cryptocurrency market capitalization fell 4.8% over 24 hours to $3.455 trillion on November 5, with Bitcoin dropping below $100,000 and Ethereum approaching $3,000, BlockBeats reports. U.S. equities closed lower with the Dow down 0.53%, S&P 500 down 1.17%, and Nasdaq down 2%, while Tesla declined 5%, Nvidia fell nearly 4%, and Strategy dropped over 6%. Asian markets followed the selloff on Wednesday morning, with South Korea's KOSPI index triggering circuit breakers after falling over 6% to breach the 4,000-point level, marking its worst two-day performance since August 2024. Japan's Nikkei 225 dropped 3.7% below 50,000 points, while Hong Kong's Hang Seng Index opened down 0.97% and mainland China's Shanghai Composite opened 0.95% lower.