Is the Bitcoin bull market over? Four experts on what’s driving crypto’s choppy ride – DL News
- Bitcoin is down 13% since peaking at $108,000 two weeks ago.
- Crypto exchange volume has plunged to a seven-week low.
- Analysts identified important factors driving the crypto market.
When Bitcoin leapt past $100,000 in December, analysts predicted much higher milestones to come.
Instead, Bitcoin has skidded 13% from its peak of $108,135 two weeks ago.
Sobered analysts now say market sentiment has become muted as crypto trading volume has slumped 64% to a seven-week low.
This doesn’t mean the bull market is over.
No exception
“The current low volume and erratic price action is not atypical of year ends across asset classes, crypto is no exception,” Ed Hindi, chief investment officer at investment manager Tyr…
