Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-experiences-a-dip-after-record-highs/" data-wpel-link="internal">Bitcoin Experiences a Dip After Record Highs</a><br></p>
<p style="text-align: justify">Despite the surge in meme coins and significant interest, <a href="https://en.coin-turk.com/bitcoins-block-reward-halvings-29-remaining/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/when-will-bitcoin-etf-be-approved-secs-decision-is-expected-soon/" data-wpel-link="internal">BTC</a>) experienced a decline in value after reaching record levels and undergoing a sharp price correction within a short period. Nevertheless, Bitcoin has shown an increase of about 60% from the beginning of the year to date (YTD), indicating a remarkable rise.</p> 
<h2 id="bitcoin-commentary">Bitcoin Commentary</h2> 
<p style="text-align: justify">We previously mentioned how BTC’s price fell below $70,000 after surpassing $73,000 and the significant liquidations that occurred.</p> 
<p style="text-align: justify">In an interview with CNBC TV, Cryptocom’s CEO Kris Marszalek commented on the matter, saying:</p> 
<blockquote> 
 <p>“I think this is primarily due to what happened in the options market and a correction, but we should not forget that this level of volatility is actually quite low compared to what we have seen in previous cycles.”</p> 
</blockquote> 
<p style="text-align: justify">As of the time of writing, BTC, which trades at $68,725, appears to have recovered somewhat from its drop to the $66,000 level. According to CMC data, this increase points to a daily rise of 2.47%.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-329013" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-kac-dolar-olmus-coin-turk-com.png" alt="" width="1835" height="857"></p> 
<p style="text-align: justify">Marszalek stated in his remarks that the recent drop in BTC was a beneficial correction. He mentioned that it eliminated the excessive leverage used by investors and also prevented overly aggressive price increases.</p> 
<p style="text-align: justify">The famous figure emphasized the long-term potential returns of Bitcoin investment by saying:</p> 
<blockquote> 
 <p>“Bitcoin is an asset you would want to hold for decades, not just days or weeks.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="bitcoin-s-2025-expectation">Bitcoin’s 2025 Expectation</h2> 
<p style="text-align: justify">On the other hand, Bernstein analysts have drawn attention to the rise, indicating that the total market value of cryptocurrencies could potentially triple, reaching $7.5 trillion by the end of 2025.</p> 
<p style="text-align: justify">According to Bernstein analysts, this significant growth movement will occur after an unprecedented level of institutional engagement with cryptocurrency. Marszalek also emphasized his agreement with this positive expectation, saying:</p> 
<blockquote> 
 <p>“I think this movement is mainly due to inflows from Bitcoin ETFs. It’s a very successful product, and you know there is a problem on the supply side, so this has to be reflected in the price.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="spot-bitcoin-etfs-hit-record-after-record">Spot Bitcoin ETFs Hit Record After Record</h2> 
<p style="text-align: justify">So, what does the future hold for Bitcoin ETFs? Considering current trends and expectations before the halving, investors seem to have a promising path ahead. JMP Securities suggests that spot ETFs could attract approximately $220 billion of investor capital over the next three years.</p> 
<p style="text-align: justify">If JMP Securities’ predictions come true, Bitcoin’s value could rise to $280,000, which would increase the market value of the leading cryptocurrency to $5.50 trillion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-experiences-a-dip-after-record-highs/" data-wpel-link="internal">Bitcoin Experiences a Dip After Record Highs</a></h5>

Bitcoin Experiences a Dip After Record Highs

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