Crypto winter nears as investors retreat and Bitcoin risks falling to $60,000
The Wall Street Journal warns of an approaching "crypto winter." Investors are unwinding risky positions, institutional players are cooling off on cryptocurrencies, and the market is declining not due to crashes but because of sober risk reassessment.
Source WSJ
Against this backdrop, experts forecast Bitcoin’s price could drop to $60,000. Additionally, MicroStrategy has for the first time considered selling some of its BTC holdings, further increasing downward pressure on the market.
This indicates that the current downturn could be prolonged, as investors no longer see quick returns in crypto assets and the risk of further price drops is rising.
