Will BTC drop again?

“Due to Fed over-tightening, Bitcoin will fall as low as $10,000 ,” he predicted. He expects the world’s largest cryptocurrency to fall that low in 2023. A major reason for that outlook is Bitcoin’s close correlation to Federal Reserve monetary policy, bond yields, and gold—all connected in different ways.

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Why is Bitcoin dropping today?

Bitcoin and other digital assets have sagged on open conflict between Russia and Ukraine . The latest downturn translates into the value of the cryptocurrency market dropping to $1.75 trillion. Many of the other crypto assets saw even more losses than Bitcoin, averaging around 18-20 per cent.

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