Loading...
[Investors Fear a New Crypto Winter, Bitcoin May Drop to $60,000] According to The Wall Street Journal, the sell-off in the cryptocurrency market is intensifying, with Bitcoin and other high-risk digital assets facing broader downward pressure. BNB Plus Chief Investment Officer Patrick Horsman stated that investors are becoming increasingly pessimistic about the market and economic outlook, reducing their risk exposure, and predicting that Bitcoin could drop to $60,000. He noted that the current sell-off is not accompanied by events like the Mt. Gox or FTX collapses, but the intense volatility that has characterized the early days of the crypto industry continues. Historically, Bitcoin has fallen by as much as 80% during a 'crypto winter.'