Analyst Explains Reason for Bitcoin’s Decline: “If This Happens, It Will Fall Further”

BTSE COO Jeff Mei noted that part of the recent pullback in the cryptocurrency market is due to growing concerns that AI-themed tech stocks may be ￰0￱ to Mei, Bitcoin's decline could deepen further if there is a sharp sell-off in AI and tech ￰1￱ partner Augustine Fan emphasized that there are no new positive catalysts in the short ￰2￱ noted that security and regulatory uncertainties persist, limiting the appetite of large traditional institutions to enter the ￰3￱ News: Binance Founder CZ Speaks to US Media for the First Time After Being Pardoned by Trump - Here Are the Details According to market data, the global cryptocurrency market capitalization reached an all-time high of approximately $4.4 trillion in early October.

However, a nearly 20% correction in the following month erased much of the year's ￰4￱ liquidation of approximately $19 billion in leveraged positions triggered a wave of panic-inducing selling and eroded market confidence. Bitcoin's price also dipped below the 200-day moving average, a key technical threshold, marking its first downward break since the 2022 bear market. *This is not investment ￰5￱ Reading: Analyst Explains Reason for Bitcoin’s Decline: “If This Happens, It Will Fall Further”