On the week of June 13, the crypto market took a major hit after Bitcoin’s price fell. The market cap started the week at $867 billion and ended at $955 billion. This happened at a time when investors started повлачење their Bitcoins from exchanges, and analysts argue Који Bitcoin will continue its fall.
Bitcoin
Bitcoin also ended the week in green by showing parallelism to the overall market cap. The price was lingering around $17,616 at the beginning of the week and increased to $21,247 at the time of writing, recording a %20 percent increase.
Sentiments on the bear market
Even though investors pull their Bitcoins out of exchanges and miners изабрати to sell, crypto hedge funds are still буллисх на Битцоин.
Despite the market crash, prominent analysts and executives never doubted Bitcoin. While agreeing that the bear market will perish thousands of coins and blockchains, major crypto руководиоци say that the ones that offer real value will survive and increase higher than their previous levels.
Web3 Foundation CEO, Bertrand Perez, said:
„Ми смо на тржишту медведа. И мислим да је то добро. То је добро, јер ће очистити људе који су били тамо из лоших разлога“,
On the other hand, Bloomberg’s Senior Commodity Strategist Mike McGlone thinks Bitcoin will see $100K by 2025. Commenting on the adoption and halving rates of Bitcoin, McGlone says:
„За сада очекујем да ће Битцоин трговати ниже - не знам за колико.[…] могао би да се спусти на 20,000, сумњам да јесте. Али шта год да се деси, у потпуности очекујем да ће достићи 100,000 долара за две године.
Prominent news source Форбс also takes Bitcoin as a long-term reality and argues that it can solve the increasing income inequality by providing ownership and proper pricing.
Source: https://cryptoslate.com/crypto-market-regains-11-capitalization-in-a-week/