107070828 1654264879215 gettyimages 905283738 99016973 The market wants to see bitcoin bottom out, which could mean a further 30% drop.

The market wants to see bitcoin bottom out, which could mean a further 30% drop.

– Cryptocurrencies have taken a tumble in value in recent months, with around $2 trillion being wiped off the value of the entire market.
– Industry players believe that a combination of improving macroeconomic conditions, a particular trading pattern, and a further shakeout of companies and projects could be key ingredients in helping the market find a bottom.
– If inflation is brought under control and there are no signs of a severe recession, this could help stabilize the market.
– A weaker U.S. dollar and a slowdown in the Fed’s tightening policy could also help the market find a floor.
– Deleveraging is still taking place in the market, with more weak players expected to be washed out.

107070828 1654264879215 gettyimages 905283738 99016973 The market wants to see bitcoin bottom out, which could mean a further 30% drop.
The market wants to see bitcoin bottom out, which could mean a further 30% drop. 3

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