Bitcoin Falls Below $100,000: Should We Prepare for a Crypto Winter?
Bitcoin broke the important psychological level of $101,000 and plummeted to $98,000, while ETH fell to $3,000. Experts are divided on the future course of events: some are talking about a natural profit-taking after the recent rally, while others see this as a signal before the start of a more protracted bearish cycle. Is the market truly on the brink of a crypto winter? Do you think this decline could be a turning point?
Market sentiment further deteriorated after several Federal Reserve officials expressed doubts about another interest rate cut in December, leading investors to lower their expectations for monetary easing. This risk-aversion environment particularly impacted speculative assets such as cryptocurrencies and crypto-related stocks.