Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on January 25, 2021, 01:01:43 PM

Title: Analysts warn of 'institutional exhaustion' with Bitcoin price clinging to $32K
Post by: newshunter on January 25, 2021, 01:01:43 PM
Analysts warn of 'institutional exhaustion' with Bitcoin price clinging to $32K

The Coinbase premium has returned, but why is the price of Bitcoin still struggling to stay above $32,000?


Source: Analysts warn of 'institutional exhaustion' with Bitcoin price clinging to $32K (https://cointelegraph.com/news/analysts-warn-of-institutional-exhaustion-with-bitcoin-price-back-below-32k)

Would appreciate your opinion about this
Title: Re: Analysts warn of 'institutional exhaustion' with Bitcoin price clinging to $32K
Post by: Proton on January 25, 2021, 08:55:15 PM
Well, that could very well be. It was institutional investors who pushed the bitcoin price upward. If they have reduced their investment in it, it could cause a big drop.
As for ethereum and other altcoins, it is impossible to say for sure. We look forward to the onset of the altcoin season after the relative stabilization of the bitcoin price. However, if the fall in bitcoin is large, then the entire market will collapse after bitcoin.