This week witnessed Bitcoin dip below the crucial $100,000 mark for the first time in almost five months, defying bullish market trends. The asset’s decline coincided with significant developments in global financial landscapes, including the US Federal Reserve’s interest rate cuts and a trade deal between China and Washington. Despite these positive factors, Bitcoin’s price remained volatile and saw several dips throughout the week. For instance, it dropped to $105,000 on Monday before rebounding briefly, only to plunge below $100,000 once again by mid-week. The crash, attributed to weakening market sentiment and potential fundamental issues in crypto, has been fueled by a concerning hack of the DeFi platform Balancer for over $128 million.