He pointed out that while seasoned Bitcoin enthusiasts are accustomed to substantial price drops, newer investors who hold Bitcoin through ETFs may face unexpected challenges if prices decline.can hold $60K. Otherwise it's a long way down. All the hard core Bitcoiners are use to big drops. But the newbies who own the ETFs are in for a rude awakening.After the passing of the halving event, Bitcoin has been stalling around the $64K-$66K price range.
If successful, the next resistance lies between $69,900 and $71,200. Bitcoin encountered a hurdle near $67,220 after continuous gains and is now trading at $66,120, down 0.12% in the last 24 hours."The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It's a failure," Schiff remarked.Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto.
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