Investors Alarm on Bitcoin Price Drop, Here’s What They Say
In the face of excessive volatility in Bitcoin's price, Mark Mobius, a seasoned investor, and co-founder of Mobius Capital Partners advised against buying the dip.
The price of Bitcoin has been hovering around $30,000 in recent days, after suffering massive losses of up to 25% in just three days. According to News, a cryptocurrency market breakdown might drive the price of Bitcoin as low as $10,000 in the near future
The recent collapse of Terra's UST stablecoin which also impacted Bitcoin. The significant volatility has sparked discussions about the possibility of a Bitcoin price drop.