Bitcoin experienced a recovery from its lowest levels on Monday, but one analyst suggests further declines may be on the horizon. According to Samer Hasn from XS.com, crypto markets are currently in a "fragile" state. Hasn notes that traders are either choosing to exit their positions or are being compelled to do so. The development suggests continued volatility in the cryptocurrency market, with potential for further price corrections in the near term, according to the analyst.

Bitcoin experienced a recovery from its lowest levels on Monday, but one analyst suggests further declines may be on the horizon. According to Samer Hasn from XS.com, crypto markets are currently in a "fragile" state. Hasn notes that traders are either choosing to exit their positions or are being compelled to do so. The development suggests continued volatility in the cryptocurrency market, with potential for further price corrections in the near term, according to the analyst.