The cryptocurrency market experienced significant volatility this past week, with Bitcoin and Ethereum seeing substantial declines. Bitcoin dropped by 7.3% and Ethereum lost 11.2%, leading to over $530 million in liquidations on October 1. Analysts from Coinbase noted that the market has started to stabilize after the turbulent week. The downturn, often referred to as the 'Uptober Slump,' was influenced by geopolitical tensions. Despite the recent downturn, there are still bullish predictions for Bitcoin, with some experts suggesting it could reach $100,000 by the end of the year. Additionally, Bitcoin remains one of the top 10 world assets with a market cap of $1.2 trillion. Prominent figures like Michael Saylor and Anthony Scaramucci continue to advocate for Bitcoin as a superior store of value compared to gold and fiat currencies.