Bitcoin (BTC) and other cryptocurrencies experienced a decline in price, following the bearish price action in the crypto market and struggles in the U.S. stock market. Bitcoin dropped to around $93,900, down 1.9% in the last 24 hours. Ether (ETH) also saw a decline of 5.9% during the same time period. The broader CoinDesk 20 Index was down 5.1%. Solana (SOL) was the worst performer, losing nearly 10% in the past 24 hours and 41% over the past month. The declining market is causing concerns among experts, with some predicting that bitcoin may not reach new highs for the next several months. Additionally, there are growing risks in the U.S. economy, including slowdowns in the labor market and housing market, as well as reduced spending by state and local governments. These factors could lead to a decline in longer-term interest rates, a selloff in equity prices, and deteriorating conditions in the job market.



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