Bitcoin Drops Below $100,000 Mark: Crypto Markets Face Widespread Decline

Crypto markets continue to decline amidst a downturn in both Bitcoin and the broader crypto landscape. As of today, Bitcoin prices remain below the crucial $100,000 threshold after experiencing significant losses last week. This drop was fueled by a pullback in U.S. tech stocks and a declining appetite for risk from institutional investors. Major altcoins such as Ethereum, XRP, Solana, and Cardano all saw losses ranging from 8% to 16%. Experts suggest the technical entry into a bear cycle is likely due to decreased ETF inflows and increased sales by long-term holders.