New Delhi, Nov. 5 -- Bitcoin prices fell sharply on Wednesday, briefly slipping below the $100,000 mark amid sustained selling pressure in the spot market. The decline in cryptocurrency prices mirrored a broader sell-off in risk assets, as mounting concerns over stretched valuations weighed on investor sentiment.

The world's largest cryptocurrency, Bitcoin prices traded 3.7% lower at $101,822 after earlier dropping to $99,010.06 - its weakest level since mid-June. Ethereum price was down 6.76% to $3,331.65, while Solana price traded 3.16% lower at $157.66. XRP price fell 3.16% to $2.24 and Dogecoin price was down 1.47% to $0.165.

Bitcoin prices have has now entered bear market territory, having fallen more than 20% from its record high ...