Bitcoin Slides Under $102K: Fundamentals & Sentiment Drive Recent Dip

Bitcoin’s price recently dipped below the $102,000 mark on Tuesday, mirroring the Nasdaq 100 futures’ decline of 1.67%. This follows a week-long downward trend for BTC, which saw it fall by an additional 7% as risk-averse investors reacted to ongoing market volatility and bearish sentiment. While this decline might not be fully justified by fundamentals, some analysts suggest the market is experiencing more of a sentiment-driven correction than a fundamental shift.