Cluster of headwinds weigh on bitcoin. XRP teeters near $1

60-second summary

Bitcoin and other top cryptocurrencies are nursing significant losses as a cluster of headwinds weighs heavily on the market. Regulatory uncertainty and souring investor sentiment are exacerbating the downturn, with XRP teetering near the $1 mark. ETF flows and traditional markets are failing to offer the necessary support, leaving the crypto market reeling from the multiple setbacks.