Bitcoin Price Dips Below $78K as Analyst Expects Another ‘Brutal Dump’
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A couple of days ago the CLARITY Act passed the Senate Banking Committee, briefly lifting BTC from under $79,000 to $82,000 before those gains were erased. Bears pushed Bitcoin to a two‑week low below $78,000 today and analysts warn it could fall to around $63,000, underscoring regulatory-driven volatility and downside risk for crypto markets, DeFi and exchanges.
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It was just a couple of days ago when the crypto community was celebrating the progress on the CLARITY Act and the subsequent price revival for BTC and many altcoins. The market leader exploded from under $79,000 to $82,000 in minutes after the bill passed the Senate Banking Committee, but it couldn’t maintain its run and quickly erased all the gains.
Moreover, the bears took it a step further earlier today, pushing the asset to a two-week low of well under $78,000. This comes amid analysts outlining potential reasons for yet another decline, maybe to a new local low of $63,000.
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Coins
$ 63.82K
+0.79%
$ 0.0018
+10.1%Predictions Markets
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In This News
Coins
$ 63.82K
+0.79%$ 0.0018
+10.1%Predictions Markets
See what traders are focused on
Share:
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Bitcoin Hasn’t Fully Capitulated Yet: Analysts Warn of Lower Levels Ahead
