Bitcoin's Volatility: A Complex Downturn

Bitcoins value has plummeted from $126,000 to below $82,000 in six weeks, driven by a risk-off investor sentiment, Feds aggressive stance, and institutional withdrawal. Deutsche Bank analysts doubt a quick rebound, citing complex factors and broader economic trends. Nearly $5 billion has left crypto-linked products, and Bitcoins correlation with tech stocks is high. The Feds rate trajectory and declining market liquidity pose challenges for Bitcoin.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.