$BTC Cryptocurrency Performance:

- Alongside Bitcoin, other cryptocurrencies have also seen declines, with Ethereum (ETH) dropping by 9.62% to reach $1,617.65.

Technical Analysis:

- Death Cross:

- Bitcoin is approaching the formation of a technical pattern known as "Death Cross," where the 50-day moving average meets the 200-day moving average from above, which may indicate the potential for further price decline.