This past Friday, Bitcoin’s price opened at $104.7K before stabilizing at $106.0K with the onset of trading in Europe. This marks the fourth consecutive day of declines for Bitcoin, raising concerns among investors. The persistence of market pressure on Bitcoin underlines its importance as a bellwether for the broader cryptocurrency space. While Bitcoin encounters challenges, altcoins may endure even greater price drops. Continuous monitoring of Bitcoin’s performance can provide insights into potential market shifts, helping investors strategize effectively.