This week in the cryptocurrency world was a rollercoaster ride, with Bitcoin showing signs of capitulation and gold’s selloff being framed as a buying opportunity. Meanwhile, 21Shares predicts a return to $100,000 for Bitcoin, Ethereum faces a potential funding gap and former New York Governor Andrew Cuomo urges Congress to pass a crypto bill.
Let’s dive into the details.
‘Bitcoin Is Dead’ Predictions Grow
Bitcoin’s latest dip below $60,000 has reignited the “Bitcoin is dead” narrative. However, Ryan Rasmussen from Bitwise suggests that long-term investors are using this downturn to accumulate more. He pointed out that such moments have historically coincided with major cycle lows
