Crypto Market Slump Sends Bitcoin to $103,500; Ripple Invests $1 Billion in XRP

The crypto market experienced a significant downturn this week, witnessing over $230 billion in value evaporate. This decline coincided with the Fear & Greed Index dropping to levels not seen since April and the price of Bitcoin plummeting to $103,500. Analysts are now warning that the bull run might be waning, with some predicting a potential 50% correction if key support levels are breached. Even Ethereum, famed for its stability, saw an unrealized loss of $20 billion, highlighting the severity of this drawdown. Despite the volatility, traders believe this could be the final shakeout before the next wave of growth.