Bitcoin falls below $ 79K: Is it the worst to come?

Bitcoin fell below $ 79,000 on Monday, marking another difficult day for the cryptocurrency market. Ethereum also saw a significant fall, falling below $ 2,000 for the first time since November 2023. Investors are uncomfortable as economic uncertainty, driven by new commercial policies and rates concerns, continues to weigh on financial markets.

How low can Bitcoin go?

Market analysts believe that Bitcoin’s slide might not have finished yet. Fundstrat experts predict that the leading cryptocurrency could immerse up to $ 62,000 before seeing a change. Mark Newton, the head of the firm’s technical strategy, had already predicted this correction, describing it as part of a natural market cycle instead of a long -term weakness.

Despite the current decrease, Fundstrat maintains its upward perspective, establishing an objective year price of $ 175,000 for Bitcoin. This suggests that although the short -term perspective is difficult, many experts still expect a strong recovery later in the year.

Global markets show mixed signals

Bitcoin’s struggles arrive at a time when some global values ​​markets, such as Germany, work exceptionally well. In contrast, US markets, including cryptography, are experiencing setbacks due to economic uncertainty and changing commercial policies.

Investors are closely observing the impact of rates, since these policies can influence inflation, interest rates and the general feeling of the market. Some analysts believe that once the market fits these economic changes, interest rates could be stabilized, potentially promoting traditional and digital assets.

Will the United States be behind in the adoption of cryptography?

While the United States dealt with regulatory uncertainty and economic challenges, other countries and even some individual states are taking measures to adopt Bitcoin as a reserve asset. If global leaders move faster with the adoption of cryptography, the United States could be playing up to date.

For now, Bitcoin remains in a volatile phase, with more short -term losses probably before any substantial recovery. While long -term optimism persists, merchants and investors must prepare for continuous market turbulence in the coming weeks.

Also read: Could Bitcoin become part of the US economy? Trump’s gold card plan raises questions