Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20%
Decrypt·
60-second summary
Traders predict more pain for Bitcoin and Ethereum as prediction market users foresee no immediate relief after monthly drops exceeding 20%. Bitcoin has touched its lowest price in 21 months, sparking concerns of further decline, and market sentiment remains bearish, with many anticipating prolonged crypto carnage and potential price drops, impacting investor confidence.
Bitcoin touched its lowest price in 21 months early Thursday—and prediction market users don't see the crypto carnage ceasing imminently.