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Bitcoin drops again and is approaching last week's lows, it's impressive how sensitive the market really is. It seems that fears around AI are pulling everything down — it's not just crypto, the entire tech sector is suffering, and even precious metals have fallen along with it.
What’s happening is that when we see all this volatility, it becomes clear how Bitcoin follows the overall risk market movements. The AI narrative that was bullish suddenly turned bearish, and everyone is rethinking their positions. Precious metals also declined, which is curious because they usually serve as a hedge.
For those watching Bitcoin in the near term, the situation is quite tense. If we see another drop, it could test even lower support levels. But that’s just how it is; markets correct themselves, and we learn to deal with these fluctuations. The important thing is not to panic and to understand that this is part of the game.