In the U.S. market, Bitcoin has resumed its decline after a brief rebound, reflecting broader market trends. As risky assets such as software fade, cryptocurrencies are acting more like tech stocks, losing their "digital gold" appeal. The challenging environment also reveals Bitcoin's behavior as a high-beta risk asset, entwined with tech sectors and affected by private equity market declines. Uncertainties in regulations further dampen sentiment, leading to a projected range of $60K to $70K for Bitcoin amidst ongoing volatility.