Bitcoin (BTC) remains below $95,000 after a tough week, heading for a 9% weekly loss, the worst in 8 months. Ethereum (ETH) dropped over 11%, Solana’s SOL fell 15%, while XRP (XRP) dipped just 1% after debuting its first spot ETF. Crypto equities were mixed, with MicroStrategy sliding 4%.

The market downturn is blamed on a lack of U.S. economic clarity due to the government shutdown. Analysts say the uncertainty is impacting investors, with no key data to guide the market or the Federal Reserve. The shutdown-ending spending bill only extends funding until January 30, prolonging the uncertainty.

Noelle Acheson sees the recent BTC drawdown as a necessary correction after months of consolidation. She believes BTC’s longer-term strength will emerge once the current flush is over. The main driver for BTC remains macro liquidity, with expectations of balance sheet adjustments or easing measures to boost optimism.

Technical indicators suggest BTC may have further to fall, with potential support levels at $84,000 if it breaks below $100,000. John Glover predicts volatile action in the upcoming months, expecting prices to rise above $100,000 before potentially dropping below $90,000 in a full correction through the summer of 2026.

Read more at Yahoo Finance: Bitcoin Slides Below $95K in Worst Week Since March; Analyst Sets Downside Target at $84K