Bitcoin's ongoing bear market has intensified, with prices falling below key levels, prompting speculation about a potential bottom. Despite the downturn, critics like the Financial Times and Peter Schiff remain skeptical. The FT's Jemima Kelly argued that Bitcoin's value is unsustainable, while Schiff highlighted Bitcoin's decline relative to gold. Meanwhile, Tether's capital-raising efforts face challenges, with investors reportedly questioning its $500 billion valuation. Tether CEO Paolo Ardoino dismissed earlier reports of a $15-$20 billion raise as misconceptions, but investor concerns persist. Market conditions remain fluid, with potential for sentiment shifts.