Bitcoin’s $100K Plunge Just a ‘Bump in the Road’

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Bitcoin’s price took a sudden dive below $100,000 over the weekend, hitting $98,500—its lowest level in six weeks—after a US strike on Iran rattled markets.

But true to its volatile nature, BTC quickly bounced back above $101,000 as Asian markets opened.

BitMEX’s Arthur Hayes isn’t sweating the drop. In a confident X post, he declared, “Weakness shall pass,” predicting Bitcoin will soon erase any doubts about its safe-haven appeal—especially as central banks keep printing money.

Analysts like Markus Thielen (10x Research) warn that while Bitcoin remains above $98K support, traders can still chase rallies. But if the market cracks below this level, caution will be key—unless a major bullish catalyst emerges.