The Economic Times

Bitcoin (BTC USD) rout fueled by crisis of confidence, analyst says - is more pain ahead for crypto market?

Bitcoin crisis of confidence: Bitcoin hovers near $70,000 after a sharp sell-off, with analysts deeming it a crisis of confidence rather than a structural issue. Despite a 45% dip from its peak, spot ETFs saw limited outflows. Institutions continue buying, and a year-end target of $150,000 is projected, though some see a potential dip to $50,000.