Bitcoin has fallen 16% since the beginning of the year, as investors continue to divest from high-risk assets amid growing geopolitical concerns. These losses were exacerbated this week due to the delay in the release of crucial U.S. economic data resulting from a partial government shutdown. Rob Hadick, a partner at Dragonfly Capital, told CNBC that the ongoing uncertainty regarding lawmakers' efforts to establish regulatory frameworks for the cryptocurrency sector has put pressure on the market. On Wednesday, Bitcoin dropped to $74,000, down 2.80%. Ethereum fell 5.08% to $2,140, Solana declined 8% to $92.30, and Ripple dropped 4.23% to $1.55.
