A big question has arisen in the crypto market – is Bitcoin’s bull run over? Bitcoin, which was at the level of $1,20,000 till yesterday, has now slipped below $70,000. Experts believe that this decline will not stop here. US financial services firm Stifel has warned that Bitcoin could fall even to $38,000. There are two big reasons behind this. First, heavy selling by institutional investors—there have been billions of dollars of outflows from Spot Bitcoin ETFs such as BlackRock and Fidelity. Second, Fed interest rates and inflation—strong US jobs data have weakened expectations of a rate cut. Now the question is, will Bitcoin cross $1 lakh again?
Crypto Market Shock: Why did Bitcoin slip below $70,000? Money Live | Crypto Market Shock: Why did Bitcoin slip below $70,000?
