Bitcoin Struggles to Bounce Back from Deleveraging Crisis

Crypto’s slump continued last week, with bitcoin sinking further below the $100,000 mark to a six-month low. The overall market cap for all digital assets had fallen to $3.3 trillion as of Friday, down nearly a trillion dollars from early last month. Analysts at 10x Research said crypto’s officially in a bear market, Bloomberg reported. That would mean bitcoin hasn’t hit bottom yet: In previous bear markets, it fell 30% to 40%, and it has so far fallen 20% from its 2025 peak in this cycle. But other expe ...