Bitcoin has recently dipped below the $100,000 mark, reflecting heightened volatility in cryptocurrency markets. The Federal Reserve's rejection of Bitcoin as a reserve currency has contributed to this instability, leading to significant outflows from Bitcoin and Ethereum ETFs.
Analysts report a mixed outlook influenced by liquidity, macroeconomic factors, and the upcoming holiday season. Meanwhile, the anticipated return of former President Trump on January 20th could further stir market dynamics, potentially reigniting volatility.
Despite the current selloff, firms like Grayscale urge investors to remain focused on long-term prospects rather than succumbing to short-term fluctuations.
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