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Bitcoin
closed around $20,000 on Saturday, and on Sunday, the cryptocurrency dropped 1.55% to $19,708. BTC is down 58.9% from the year's high of $48,234 on March 28.
The macroeconomic warnings from Goldman Sachs and Fed's approach to interest rate hikes have played a significant role in determining Bitcoin's price trends.
What Happened: The pseudonymous crypto analyst Capo has predicted that the overall cryptocurrency market will see a downfall, and accurately mentioned Bitcoin's crash this year.
Think Bitcoin Is Going Away?: You'd be in the vast minority. Blockchain is here to stay, and bear markets provide huge opportunities to make outsized returns. Learn how CEOs and VCs are navigating the markets at the Future of Crypto by Benzinga conference on Dec. 7,...
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https://www.benzinga.com/markets/cryptocurrency/22/09/28908363/crypto-analyst...
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