Bitcoin has plunged to its lowest valuation in fifteen weeks, dipping below the $105,000 threshold as renewed stress in the United States regional banking sector rattled cryptocurrency markets. The downturn mirrors patterns observed in 2023, when banking instability similarly triggered significant digital asset volatility. Market analysts note that investor confidence has been shaken by emerging concerns over the financial health of several mid-sized American banks, prompting a broad-based retreat from risk-on assets. Traders are now closely monitoring the $100,000 support level, viewing it as a critical psychological and technical barrier that could determine near-term price direction. The current sell-off underscores the persistent correlation between traditional finance tremors and cryptocurrency performance, highlighting how macroeconomic uncertainties continue to influence digital asset valuations. Market participants are assessing whether this correction represents a temporary setback or the beginning of a more sustained bearish trend, with trading volumes and derivatives data suggesting cautious positioning across exchanges.
