The cryptocurrency market has experienced renewed volatility, with Bitcoin (BTC) falling below the 350-day moving average (350DMA). This drop coincides with Treasury Secretary Bessent’s remarks on maintaining low interest rates, alongside discussions about crypto regulations from SEC Chairman Gary Gensler. Despite failing to break past $107,000, BTC’s value continued its decline, fueled by the overall weakness in U.S. stock markets. 5th October saw Bitcoin drop below $102,500, and this was amplified by losses across the altcoin space. Meanwhile, gold and silver prices gained ground. 5th October saw a flurry of market activity before opening, with futures boosted by AMD but hampered by anxieties surrounding the Supreme Court’s decision on Trump and other risks. Recent state guarantees for AI companies have also sparked concerns about a potential bubble. 5th October witnessed a sharp drop in Bitcoin’s price to below $102,000 in a single hour. Long liquidations exceeded $114 million. This volatile landscape highlights the interconnectedness of financial markets and cryptocurrencies, with market participants closely watching economic indicators and regulatory signals. The influence of traditional assets like gold and silver on the cryptocurrency market underscores the broader impact of these developments.