Crypto Markets Plunge as Glassnode and 10x Research Warn of Deeper Bitcoin Decline

The cryptocurrency market is facing a significant sell-off, with leading analytical firms Glassnode and 10x Research warning of further downside for Bitcoin. Major altcoins, including Ethereum, Solana, and XRP, have also recorded extended losses as bearish sentiment spreads across the digital asset space. Market analysts attribute this downturn to a combination of macroeconomic concerns and escalating geopolitical risks. Specifically, fears regarding AI-driven disruptions and potential global trade wars are weighing heavily on investor confidence. Additionally, rising tensions between the United States and Iran have contributed to the broad retreat from high-risk assets. Technical indicators suggest that the current correction may persist if these fundamental pressures remain unresolved.