1. Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold
2. US President is considering spending $3 trillion on infrastructure in the States which draws investment capitals into the US stock market
Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.
Good observation but You did not mentioned about the "Future Expirations" 2. US President is considering spending $3 trillion on infrastructure in the States which draws investment capitals into the US stock market
Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.
Speculative asset won't hurt crypto market anymore because Bitcoiners already Knows this sentiment for years now.
can the price go down to 40k?
Don't worry you are not the only one who's Praying for this drop , I even called this for Weeks now .I agree with the previous opinions that this is normal. Just a minor setback that was to be expected. For those of us who invest for the long term, all this does is yawn.
Well it already recovered , from 53,000 now Go up to 55k again , i think this is the stable coin for the rest of 1st quarter because changing course next quarter.