Bitcoin Drops 6% Weekly Amid Ongoing Crypto Market Decline

The crypto market is facing a bearish sentiment following a crash on October 10. Key points include:

Bitcoin (BTC) experienced a 6% drop over the past week, nearing one of its worst performances this year.
BTC has fallen below $100,000 for four consecutive days, risking further price declines if the trend continues.
Solana (SOL) and Chainlink (LINK) have decreased by 20% and 33% year-to-date, respectively.
Despite some gains, Bitcoin, XRP, and Ethereum (ETH) have not outperformed the stock market's 14% rise this year.
The first week of October saw $5.9 billion inflows into global crypto ETFs, primarily benefiting Bitcoin and Ethereum.
The Federal Reserve plans to cease quantitative tightening on December 1, potentially adding liquidity to the crypto market.
Analysts suggest that while increased liquidity may ease headwinds, it doesn't ensure higher crypto prices.
The broader crypto market struggles with stability, especially in altcoins, due to lack of new investments and regulatory concerns.
Jeff Mei from BTSE links the dip in digital assets to potential overvaluation in AI stocks, warning of possible further declines.

Currently, Bitcoin recovered above $103,000 but remains 18% below its all-time high of $126,000 before the market crash.