After the sharp crypto market crash on October 10, negative sentiment has taken over, and prices of digital assets are continuing to fall. Bitcoin (BTC), the biggest cryptocurrency, is having one of its worst weeks this year, dropping 6% in just the past seven days.

Bitcoin has now stayed below the important $100,000 level for four days in a row. If it continues this way, it could trigger more panic selling. That could drive prices even lower across the crypto market.

Looking at the bigger picture, performance across cryptocurrencies is mixed. Solana (SOL) is down 20% so far this year, and Chainlink (LINK) has dropped 33%. Even though Bitcoin, Ethereum (ETH), and XRP have gained some ground this year, they haven’t done as well as the stock market, which is up 14% in the same time period.

Interestingly, October saw the highest weekly inflows into global crypto ETFs (exchange-traded funds), with $5.9 billion pouring in during just the first week. Most of that went into Bitcoin and Ethereum-focused funds. But despite this big money movement, crypto prices haven’t seen much of a bounce back.

There’s also some positive news from the Federal Reserve. The Fed recently announced it will stop quantitative tightening (QT) on December 1 and plans to cut interest rates. This move is expected to add more liquidity to financial markets, including crypto.

However, experts at The Motley Fool say more liquidity doesn’t automatically mean crypto prices will rise. Still, ending QT removes one of the main things holding prices back. They believe the outlook for crypto could improve, even though some short-term losses might continue.

Altcoins—cryptocurrencies other than Bitcoin and Ethereum—have been hit hardest by the recent selloff. Augustine Fan from SignalPlus said the broader crypto space has been weak for months, with very little new investment in altcoins or DeFi (decentralized finance) projects. Without strong new drivers or clearer regulations, it’s unlikely that mainstream investors will jump back in anytime soon.

Jeff Mei from BTSE added another reason for the market dip: concerns that artificial intelligence (AI) stocks are overhyped and overvalued. If tech and AI stocks take a hit, he warns Bitcoin could fall further, possibly dipping below $100,000 again. Altcoins would likely suffer even steeper losses.

As of now, Bitcoin has managed to climb back above $103,000. Still, it’s down 18% from its recent high of $126,000 reached just before the October 10 crash.

Crypto markets remain shaky, with traders watching closely for any signs of recovery—or further drops.