Bitcoin's Price Drop: Rebound or More Trouble?

Bitcoin's price dipped, triggering a $19B leverage wipeout and cooling ETF demand, but analysts see a potential rebound if it holds between $28.4K and $31.1K. Long-term holders are selling, causing market jitters, yet some experts believe this deleveraging could signal a market bottom, fueled by hopes of central bank easing and future ETF approvals. The recovery depends on renewed confidence and steady ETF inflows amidst global uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.