Bitcoin $BTC is not feeling well lately. Forget about dreams of having a Lambo and retiring early, because this king of cryptocurrencies is falling down a slippery slope.
After failing to recover from the negative trend, BTC has dropped by 4.29% in a day, with a price that plummeted to $89,185. And experts also say there is still room to fall further.
Mike McGlone from Bloomberg has even mentioned the word "Grinch," pointing out that Bitcoin could ruin #Christmas crypto fans. He predicts a possible drop back to $50,000, which would be a disaster for mining companies and could cause problems for the entire crypto ecosystem. It's like getting coal in your Christmas stocking!
Basically, Bitcoin is facing serious issues right now. Whether this is just a temporary drop or the beginning of a true crypto winter remains to be seen. But what is certain is to get ready, BTC is going to go through a rollercoaster ride. #BinanceBlockchainWeek #Binance #squarecreator #Square #BTC走势分析 $BTC
