Bitcoin Slides Below $95K in Worst Week Since March; Analyst Sets Downside Target at $84K

The recent downturn in Bitcoin's price, which has dropped below $95,000, reflects broader trends in the cryptocurrency market, where liquidations have surpassed $520 million. Ethereum and Solana have faced even greater losses, indicating a challenging environment for altcoins. Meanwhile, XRP's performance has been notable, especially with the imminent launch of an XRP spot ETF, which could enhance liquidity in the market. This juxtaposition highlights the volatility and interconnectedness of cryptocurrency assets, as major tokens react to market pressures and regulatory developments.