Bitcoin Faces Volatility Amid $15 Trillion Bet and Market Fluctuations
Bitcoin prices have experienced a sharp decline, dropping from nearly $100,000 to around $90,000, wiping $200 billion from the crypto market. This downturn follows a rally after Donald Trump's election victory, which is expected to ease crypto regulations. Crypto billionaire Michael Novogratz predicts a potential drop to $80,000 before a rebound, while Dan Morehead of Pantera suggests a long-term rise to $740,000 by 2028. The market remains volatile, with traders closely monitoring price momentum and geopolitical influences.
