#TheCryptoMarket - *Market Sentiment*: The crypto market sentiment has taken a hit, with Bitcoin enduring a sharp decline and plunging to a session low of $81,629 per coin on Saturday. The broader digital asset market retreated by 2.14% ¹.
- *Bitcoin Price*: Bitcoin's price is expected to drop to $78,000, with some analysts predicting a 10% drop in the next few days ².
- *Ethereum Update*: Ethereum's attempt to regain bullish momentum has hit a roadblock, with the price failing to break through the crucial $2,160 resistance level ¹.
- *Regulatory News*: The US has a 40% chance of a recession in 2025, which could impact the crypto market. Additionally, the White House has announced support for the CRA to overturn the IRS DeFi broker rule ¹.
- *New Developments*: Binance's CZ has pledged to donate 500 BNB each to Thailand and Myanmar after the earthquake. Elon Musk has also sold X to xAI amid a legal setback, sparking controversy ³.
These are just a few of the latest updates from the crypto market. Remember to always do your own research and stay informed to make the best investment decisions.