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Bitcoin could drop to $60K next
For people like me who are in crypto, weekends are no longer enjoyable. One move, one comment, one decision, and our entire portfolio can turn red.
Last weekend, crypto investors globally saw the market nosedive to all-time lows. Bitcoin plunged to the 70's zone, dropping close to $74,000, about a 40% drop from its all-time highs. At press time, it was trading at $78,244.45.
Analysts have also started factoring in bear market conditions while giving price predictions. Bernstein, however, is seeing light at the end of the tunnel.
Gold outshines Bitcoin, but institutional cycle deepens
Bernstein framed the recent pullback within a broader trend, which is Bitcoin’s underperformance versus gold amid...