Bitcoin, Ethereum, Dogecoin Fall Amid Regulatory Uncertainty: Analyst Predicts Apex Crypto Set To Plummet 50% This Year, But Says No Need To Panic
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a setback on Thursday due to regulatory uncertainty and ongoing debt ceiling talks in Washington D.C. Analyst Benjamin Cowen predicts a 50% drop in Bitcoin's value this year, but expects it to recover and reach $35,000.
May 19, 2023 | 2:52 am
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Bitcoin experienced a setback on Thursday due to regulatory uncertainty. Analyst Benjamin Cowen predicts a 50% drop in its value this year, but expects it to recover and reach $35,000.
The article mentions regulatory uncertainty and ongoing debt ceiling talks as reasons for the setback in major cryptocurrencies, including Bitcoin. Analyst Benjamin Cowen predicts a 50% drop in Bitcoin's value this year, but expects it to recover and reach $35,000. This prediction suggests a short-term negative impact on Bitcoin's price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin experienced a setback on Thursday due to regulatory uncertainty. The cryptocurrency's price fell by 1.63%.
The article mentions regulatory uncertainty and ongoing debt ceiling talks as reasons for the setback in major cryptocurrencies, including Dogecoin. Dogecoin's price fell by 1.63% on Thursday, suggesting a short-term negative impact on its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ethereum experienced a setback on Thursday due to regulatory uncertainty. The cryptocurrency's price fell by 1.18%.
The article mentions regulatory uncertainty and ongoing debt ceiling talks as reasons for the setback in major cryptocurrencies, including Ethereum. Ethereum's price fell by 1.18% on Thursday, suggesting a short-term negative impact on its price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80