Bitcoin Has Fallen, but Not Everyone Thinks This Is the End.
24 Apr 2022, 08:00
Bitcoin Has Fallen, but Not Everyone Thinks This Is the End
Bitcoin and other forms of crypto have been experiencing a heavy pullback as of late. BTC, the granddaddy of all digital currencies, is now trading once again for just over $40,000, a slump it managed to get away from a few weeks ago.
Bitcoin Has Stumbled, but There May Be HopeHowever, now it looks like things are going back to “normal,” and when we say normal, we mean back where bitcoin has been for most of 2022. For the most part, this year has not been terribly kind to BTC or its altcoin cousins, especially when one considers the fact that the asset was trading for nearly $70,000 last November.
Still, the present circumstances aren’t depressing analysts. In fact, several of them are still quite bullish about where the digital currency space is heading. They are convinced this is just a bump in the road, but that in the end, bitcoin and its counterparts are going to accomplish some big things.