Posted 1/13/2024, 12:22:00 AM
Bitcoin Drops 10% on Volatility Fears Ahead of Halving Event, But Analysts Upbeat on Long-Term Prospects
- Bitcoin's value dropped nearly 10%, erasing substantial market capitalization
- Market anticipating volatility ahead of upcoming Bitcoin halving event
- Arthur Hayes forecasted potential Bitcoin price drop due to Federal Reserve policy changes
- Hayes remains optimistic about Bitcoin's future post-Fed policy impact
- BlackRock seeking SEC approval for spot Bitcoin ETF, signaling growing institutional interest