Bitcoin's Worst Week Since FTX Signals Potential Further Pain

BTC, the largest cryptocurrency by market capitalization, has been affected by a recent slump, with its value plummeting 16% in the seven days through Sunday.

The token's slide below $60,000 on Friday marked its worst week since the FTX collapse in 2022, sparking concerns among analysts.

Despite appearing benign at first glance, the underlying forces driving this downturn are considered by some to be a cause for alarm.