Bitcoin is struggling to hold above $100K, recently trading between $95,850 and $97,729, with a market cap around $1.917T. Analysts suggest further downside could be on the horizon, citing global economic uncertainty.
Ethereum, the leading altcoin, is facing a sharp decline, highlighting the current instability in the crypto market. Large price swings have led to increased liquidations, with Ethereum’s volatility spiking due to gamma hedging and futures market activity.

Meanwhile, Bitcoin’s growing dominance is putting pressure on altcoins, causing their total market value to drop from $1.46 trillion to $1 trillion. Investor sentiment has taken a hit, particularly with new regulatory proposals from the Trump administration adding to market uncertainty.

This cautious approach from investors is fueling additional selling pressure, and with Bitcoin’s technical indicators showing signs of weakness, analysts are warning of potential further declines in the near term.