Cryptocurrency Markets Face Uncertain Future Amidst Volatility and Potential Downturns

Bitcoin’s price dipped below $106,000, further fueling losses across the cryptocurrency market, prompting analysts to warn of potential for more severe downturns. This decline comes amidst broader concerns about the market’s resilience following recent news about FTX and tensions stemming from the Trump-Judiciary conflict. While some altcoins show signs of recovery, a general decline has been observed, particularly in BTC, which is currently below its critical support level at $106,158.