Bitwise Research highlights a bearish global growth outlook impacting Bitcoin, with pricing fluctuations occurring amid macroeconomic pressures, reminiscent of the Covid-19 pandemic and FTX collapse.
This outlook bears significant implications for market confidence and institutional investments, affecting trading strategies and financial outcomes in the crypto sector.
Bitcoin struggles in bearish outlook akin to Covid, FTX crises. Institutional interest persists.
Bitcoinโs price is under pressure as Bitwise Research highlights a bearish global outlook. Institutional activity remains but with caution amid macroeconomic concerns similar to those during the Covid-19 pandemic and the FTX exchange collapse.
Bitwise Research Highlights Bearish Bitcoin Trends
Bitcoinโs price is under pressure as Bitwise Research highlights a bearish global outlook. Institutional activity remains but with caution amid macroeconomic concerns similar to those during the Covid-19 pandemic and the FTX exchange collapse.
Bitwise Research has issued a warning on Bitcoinโs future, suggesting potential further declines. Key figures like Michael Saylor remain optimistic despite a tough environment. โBitcoinโs role as a hedge against inflation remains intact, with potential targets of $150,000 to $200,000 by year-end.โ Institutional inflows provide some support, although macroeconomic pressures persist.
ETF Inflows Show Continued Institutional Interest
Institutional interest in Bitcoin continues despite challenges, evidenced by ETF inflows. The cryptocurrency market remains reactive to global economic changes, with major altcoins suffering declines.
Investor sentiment shows caution and fear as macroeconomic factors pressure asset values.
The financial market is witnessing reduced confidence amidst regulatory concerns. Historical trends suggest potential volatility, with past events such as the Covid-19 crash providing a benchmark. The current climate signals increased scrutiny, impacting market dynamics and sentiment.
Bearish Outlook Resembles Past Crisis Patterns
The current bearish outlook for Bitcoin mirrors conditions seen during both past Covid-19 and FTX shock events. During these times, market fear surged yet eventually led to recoveries. Such similarities might indicate potential futures for recovery post-bearish periods.
Experts argue the outlook aligns with typical correction phases in prior cycles, suggesting bear market extensions. They expect Bitcoinโs price to remain volatile, with macroeconomic and regulatory influences heavily steering future movements.
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