Bitcoin has slipped below $108,800 this week as investors grow increasingly uneasy over broader economic pressures and declining sentiment.
Markets are reacting to tighter monetary conditions, uncertainty about rate cuts, and faltering confidence in equity and banking sectors. The crypto market’s Fear & Greed Index has plunged, signaling “extreme fear.”
Major altcoins like Ether also suffered losses, reflecting a broad-based pullback in risk assets. Liquidity is thin, and many traders say conviction is low, with selective buying dominating short windows of opportunity.
Analysts warn that if macro pressures intensify or central banks resist loosening, BTC could test deeper support levels below $100,000. Still, they note potential upside if favorable catalysts emerge—such as renewed ETF momentum, dovish central bank pivots, or institutional inflows.
For now, the drop below $108,800 has reinforced how sensitive crypto is to macro shifts. How long sentiment remains battered may determine whether this is a short-term correction or the start of a deeper pullback.
