Bitwise says Bitcoin's brutal nine-month downturn masks a stronger-than-ever foundation, arguing institutional adoption, corporate buying, and improving market infrastructure position the industry for a rebound despite record ETF outflows and weak sentiment.
Fidelity says Bitcoin's current crypto winter could end if history repeats and one or more major catalysts emerge, including the four-year cycle, clearer regulation, Federal Reserve easing, a new breakout crypto use case, or a fresh wave of institutional adoption.
Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.
With bitcoin’s price dipping significantly below $100k again, the “buy the dip” cheerleaders are out in full force.
But I’m here to offer a different...