Yesterday, the bitcoin price briefly dipped below the $100,000 mark for the first time since June. Many analysts are wondering if this latest crypto bull market is over.

Ethereum dropped 5.8%, Solana fell 3.1%, and XRP slipped 2% over the past 24 hours, according to data from the crypto exchange Kraken.

The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto, but its rally has stalled in recent months despite U.S. Treasury secretary Scott Bessent quietly sending the market a “signal” last week.

Bitwise CIO Matt Hougan sees the crypto market nearing a bottom amid retail exhaustion, while Senator Cynthia Lummis urges U.S. banks to integrate digital assets into the financial system.

Bitcoin (down 12.4%) has led a broader decline for crypto prices over the last seven days: Ethereum prices have dropped 20.8%, XRP fell 18%, BNB is down 19.2%, Solana has fallen 22.2% and the meme token dogecoin has cut 20.8%.

Bitcoin on Tuesday extended losses to its lowest mark since late June, with over $1.3B worth of leveraged crypto futures wiped out, amid a risk-off tone across equities.

The world’s largest asset manager is reportedly bringing its Bitcoin (BTC) exchange-traded fund (ETF) to Australia.

Dollar-cost averaging (DCA) involves spreading an investment out over time by buying a set amount at fixed intervals. For example, you might buy $100 of Bitcoin on the first of every month. Making regular purchases reduces the risk of trying to time the market and takes some of the emotion out of the process.