Bitcoin is staying below 88,000 dollars, the market is sensitive.

Bitcoin Continues Weekly Decline

Bitcoin has continued its decline over the past week, dropping below the $88,000 level in weak weekend trading. This development has led to significant losses for most of the major cryptocurrencies.

Market sentiment remains sensitive due to recent fluctuations in the forex and bond markets. The liquidation of approximately $1 billion worth of leveraged crypto positions has heightened investor concerns.

Traders are monitoring developments such as the potential intervention by the Bank of Japan, political debates over spending legislation in the United States, and the busy technology earnings calendar. The Federal Reserve is not expected to change interest rates.