Bitcoin’s recent gains have been met with a concerning downturn, triggering negative ripples throughout the cryptocurrency market. The decline in U.S. markets is attributed to job data release delays, impacting cryptocurrencies and raising concerns about the stability of the landscape. Altcoin prices are now feeling the pressure, with Solana (SOL), Avalanche (AVAX) and Cardano (ADA) all facing potential drops as Bitcoin’s price fluctuates below $120,850. The current market state has left investors uncertain about their long-term strategy. Experts believe that further declines could potentially lead to a deeper slump in the cryptocurrency market, with notable impacts on altcoin prices and investor confidence.