Bitcoin (BTC) continues to experience a downturn, with many altcoins such as Solana (SOL) and Ripple (XRP) losing over 10%. This ongoing decline in cryptocurrency values raises concerns among investors.

The United States government has approved the sale of 6.5 billion USD worth of Bitcoin confiscated from the Silk Road. This significant move could influence BTC’s market dynamics and lead to market adjustments.

Analyst Ansem has indicated a 75% probability that the current market might have reached its peak. This speculation adds to the uncertainties in the market, forcing traders to reevaluate their strategies.