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Bitcoin Price and Ethereum Prediction: What's Ahead in the Coming Week?

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Bitcoin (BTC) and Ethereum (ETH) continue to suffer losses, with both cryptocurrencies displaying bearish signals at the start of the new week.

The broader cryptocurrency market is also struggling, with Bitcoin and ETH each experiencing declines of over 6% in the past few days.

Other notable cryptocurrencies, including Litecoin (LTC) and Dogecoin (DOGE), also show negative sentiment.The consecutive release of strong US economic data has increased the likelihood of the Federal Reserve's hawkish stance, which is one of the primary factors negatively impacting the cryptocurrency market, including Bitcoin.

Furthermore, the Silvergate incident has worsened the market's losses. Meanwhile, Binance's management expressed concern about regulatory issues related to their association with Binance US.

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