Bitcoin experienced a decline of 2.28% in the past week, causing its value to drop to $41,953.75. This downturn comes after a period of relative stability in the cryptocurrency market, leaving us uncertain whether it marks a long-term shift or a momentary setback. Various experts have differing views on the cause of this recent decline – some attributing it to investors’ profit-taking, while others consider it a necessary correction following a period of rapid growth. Time alone will unveil Bitcoin’s future trajectory, but one fact remains evident: Bitcoin is a volatile asset, demanding a resilient approach from investors.
Source (CNBC)
