Bitcoin’s price has plunged to a three-month low, falling beneath 88K. This significant drop signals a troubling time for the cryptocurrency market. Altcoins are also feeling the pressure, with many experiencing double-digit declines. The total cryptocurrency market capitalization now sits below 3 trillion dollars. Investors and traders must examine market conditions closely. Understanding the factors contributing to this downturn is vital. Keeping an eye on Bitcoin’s recovery signals will inform future trading strategies amid this volatility.