Bitcoin Slips Below $100K as Crypto Market Bleeds

Bitcoin Price Analysis 1-29: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGWIFHAT: WIF, INTERNET COMPUTER: ICP

Bitcoin (BTC) and other major cryptocurrencies have experienced a volatile week, with Bitcoin struggling to maintain its price above $100,000. The crypto market is back in the red as the fallout from Monday's collapse continues to impact traditional and risk assets. Bitcoin (BTC) has struggled to build momentum, nearly slipping below $100,000 as it dropped to a low of $100,265 before recovering and moving to its current level of $101,600. The flagship cryptocurrency is down nearly 1% over the past 24 hours and almost 4% over the past week.

Other cryptocurrencies have not fared any better, falling back into the red after recovering on Tuesday. Ethereum (ETH) slipped below $3,200 and is currently trading around $3,110, down 2.50%. Solana (SOL) is down nearly 3% over the past 24 hours and almost 9% over the past week as it struggles to find a footing above $230. The Ethereum killer is trading at around $229. Ripple (XRP) has bucked the trend and is marginally up over the past 24 hours, even though overall sentiment is bearish. Cardano (ADA), Toncoin (TON), Hedera (HBAR), Stellar (XLM), Polkadot (DOT), Litecoin (LTC), and AI tokens also registered substantial drops.

French Investigators Open Probe Against Binance

French investigators announced they have opened a fraud probe into money laundering, tax fraud, and other related charges against Binance, the world's largest crypto exchange. Binance has denied all allegations against it. The Paris Prosecutor's Office's economic and financial crime section said the probe involves money laundering in connection with drug trafficking. According to the Prosecutor's office, the investigation will examine the period from 2019 to 2024, involving offenses committed in France and the European Union. A Binance spokesperson