Bitcoin Tumbles Below $100K Amid Bond Market Turmoil: Analysts Point to Mid-Cycle Correction

Bitcoin experienced a significant price drop, falling below the $100,000 mark for the second time this week. The cryptocurrency saw a 2.7% decline in the past 24 hours, bringing its weekly losses to 9.1%. This downturn has sparked discussions about its market trajectory, with experts suggesting it may be a temporary "mid-cycle shakeout" rather than a sustained trend reversal.