Reported 3 days ago
Bitcoin's price is dropping towards the $100,000 mark after a significant downturn linked to renewed U.S.-China trade tensions, with a 7% decline noted since Monday. Despite losing its status as a 'safe haven,' some crypto experts remain optimistic about a potential rebound as indicators point towards increased institutional demand and healthy market conditions. Analysts are closely watching the $100,000 mark, which coincides with Bitcoin's 50-week moving average, suggesting that as long as it stays above this level, there is still potential for recovery before a possible bear market in 2026.
Source: YAHOO