Bitcoin Prices Under Pressure Due to Ethereum Collapse

Bitcoin's price has been under pressure due to various factors, including the collapse of Ethereum, which could lead to further decline in Bitcoin prices. The market volatility has increased, with investors pulling out billions from US-listed Bitcoin exchange-traded funds.

The recent drop in risk assets, such as stocks and bonds, has also contributed to the decline in cryptocurrency values. Long-term holders are selling aggressively, with a notable portion coming from investors who had bought Bitcoin above $90,000.