The crypto markets experienced significant bearish action last week, but a weekend bullish push raised hopes for a recovery.
Bitcoin price fell below $102,800, leading to a decline in altcoin prices like Ethereum, Solana, XRP, and Cardano.
Market downturn attributed to reasons such as BTC profit-taking, ETF inflow drop, Coinbase security breach, and regulatory actions against illicit activities.
Despite market challenges, institutional interest in Bitcoin remains strong with companies like MicroStrategy accumulating BTC and new product offerings on CME Group and BlackRock's BTC ETF.