The Bitcoin & Cryptocurrency Investment Show podcast.

Hey there, crypto fam! Crypto Willy here with your Bitcoin & Cryptocurrency Investment Show, and man, do we have a wild week to break down.

So here's the deal – Bitcoin's been on a roller coaster that would make theme parks jealous. As of today, November 8th, we're hovering right around $101,987, which might sound solid, but we've taken quite the tumble from where we were just a few weeks back. Back on October 6th, Bitcoin hit an absolute peak at nearly $4.4 trillion in total market capitalization across all crypto. That was the dream, right? Well, fast forward to now and we've lost about 20 percent of that value, which honestly means we're barely up 2.5 percent for the entire year.

Here's what went down – right after that October high, roughly $19 billion in leveraged positions got liquidated all at once. Boom. That spooked the entire market, and traders basically said "nope, we're out" and started pulling their money. This week alone, Bitcoin's down about 9 percent, marking its worst weekly performance since March. We've even slipped below that crucial 200-day moving average – a technical level that had been holding strong since the 2022 bear market. That's a big deal for us technical traders.

Now, what's fascinating is that altcoins – those smaller, more volatile tokens – have gotten absolutely demolished compared to Bitcoin and Ether. They're lagging way behind this year.

The crazy part? Earlier this year, President Donald Trump's push to make the US a global crypto hub actually triggered a 35 percent rally in Bitcoin. But the sentiment has completely flipped. According to the chief operating officer at crypto exchange BTSE, Jeff Mei, part of this latest slide is connected to concerns that AI stocks are way overvalued. He's warning that if tech stocks see a major correction, Bitcoin could easily slip below $100,000, and those altcoins could tumble even further.

But here's some good news – we're seeing tentative signs of stabilization. After six straight days of withdrawals, US spot Bitcoin and Ether ETFs actually recorded $253 million in inflows on Thursday. That's a positive signal that some smart money might be moving back in.

Looking ahead to November, price predictions are showing Bitcoin could potentially reach between $102,177 and $128,524 this month, with an average around $115,350. The Fear & Greed Index is sitting at 24, which signals extreme fear out there – and honestly, that's sometimes when the real opportunities show up.

So what's the takeaway? We're in a period of consolidation where bulls and bears are wrestling for control around that $100,000 to $102,000 range. The technical setup matters here, and so does patience.

Thanks so much for tuning in to The Bitcoin & Cryptocurrency Investment Show! Make sure you come back next week for more market updates, deeper analysis, and all the crypto intel you need. This has been a Quiet Please production – head over to quietplease.ai to catch all our episodes. Stay hodling, and I'll see you next time!

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This content was created in partnership and with the help of Artificial Intelligence AI