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International Business Times
International Business Times
Business
Marvie Basilan

Bitcoin Falls To $62K, Bitcoiners Project Price May Plunge Further

Bitcoin Crypto Michael Saylor Samson Mow Willy Woo
Bitcoin has been down over the past week, and some observers, Bitcoiners included, are expecting prices to plummet further before a price pump. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • Bitcoin slumped to $62,100 at one point late on Sunday night, and spot BTC ETFs have been negative
  • Some experts are expecting the digital asset to reach a 'sufficiently boring' phase soon
  • Others believe the coin will drop further before it experiences a reversal

Bitcoin has fallen further after several days of spot BTC exchange-traded fund (ETF) sell-offs and significant dumping activity among some of the digital asset's largest holders, and cryptocurrency users on X (formerly Twitter) are debating what's next for the world's first decentralized crypto.

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