Bitcoin's price takes a 3% dive after touching $58,000, while the crypto fear and greed index remains in fear territory. Ordinals projects show signs of recovery, with NodeMonkes and Bitcoin Puppets seeing significant floor price increases. Analysts debate Bitcoin's bottom, with predictions ranging from $40,000 to $135,000. Former President Trump advocates for holding seized Bitcoin and hints at using crypto to address national debt. Bitwise CIO Matt Hougan draws parallels between the current market crash and March 2020, seeing potential for a bull run. Altcoins face challenges, with Cardano at a critical support level and SHIB trading below local support. Meanwhile, Dogecoin experiences a surge in whale activity, and Michael Saylor maintains his billion-dollar Bitcoin position, emphasizing its long-term value.

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