Tom Essaye: Bitcoin’s Drop Shows Its High-Risk Nature
Tom Essaye: Bitcoin’s Drop Shows Its High-Risk Nature
Bitcoin price today: BTC bounces back to $88,500 after sharp dip below $84,000
Bitcoin’s latest slide caught investors off guard, occurring just days after the cryptocurrency briefly rebounded from the $80,000 level. The move largely reflected profit-taking, thin liquidity, and broader macro uncertainty that weighed on risk assets.
“Bitcoin remains a hyper-volatile, speculative asset. It still moves in sync with risk appetite. When markets tighten, Bitcoin falls harder,” said Tom Essaye of the Sevens Report.
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