Reported 2 months ago
In a recent global market sell-off, bitcoin briefly fell below $50,000 while ethereum experienced its largest one-day drop since 2021. Matt Hougan from Bitwise Asset Management attributes bitcoin's volatility to its speculative nature and liquidity, especially over weekends. Despite this setback, he maintains that bitcoin's fundamentals remain strong, and recovery is expected in the near future, with some Bitcoin ETFs experiencing significant losses but notable net inflows for the Bitwise Bitcoin ETF.
Source: YAHOO