Bitcoin Price Tanks Below $97K as Analyst Warns the Worst Is Yet to Come

Despite the positive developments on a macro front, such as the US government reopening, BTC’s quite unfavorable price actions continued in the past 12 hours or so as the asset plunged to a new multi-month low.

The cryptocurrency stood above $107,000 just three days ago after Trump promised to send tariff checks of at least $2,000 to some Americans and hinted that the government shutdown might end soon. However, bitcoin failed to capitalize on this momentum and quickly dipped back to $103,000.