On the week of June 13, the crypto market took a major hit after Bitcoin’s price fell. The market cap started the week at $867 billion and ended at $955 billion. This happened at a time when investors started פּולינג their Bitcoins from exchanges, and analysts argue אַז ביטקאָין will continue its fall.
ביטקאָין
Bitcoin also ended the week in green by showing parallelism to the overall market cap. The price was lingering around $17,616 at the beginning of the week and increased to $21,247 at the time of writing, recording a %20 percent increase.
Sentiments on the bear market
Even though investors pull their Bitcoins out of exchanges and miners קלייַבן to sell, crypto hedge funds are still בוליש אויף ביטקאָין.
Despite the market crash, prominent analysts and executives never doubted Bitcoin. While agreeing that the bear market will perish thousands of coins and blockchains, major crypto יגזעקיאַטיווז say that the ones that offer real value will survive and increase higher than their previous levels.
Web3 Foundation CEO, Bertrand Perez, said:
"מיר זענען אין אַ בער מאַרק. און איך טראַכטן אַז ס גוט. דאָס איז גוט, ווייַל דאָס וועט ויסמעקן די מענטשן וואָס זענען געווען דאָרט פֿאַר די שלעכט סיבות.
On the other hand, Bloomberg’s Senior Commodity Strategist Mike McGlone thinks Bitcoin will see $100K by 2025. Commenting on the adoption and halving rates of Bitcoin, McGlone says:
“For now, I expect Bitcoin to trade lower -I don’t know by how much.[…] it could get down to 20,000, I doubt it does. But whatever happens, I fully expect it to get to 100,000 dollars in two years.”
Prominent news source פאָרבעס also takes Bitcoin as a long-term reality and argues that it can solve the increasing income inequality by providing ownership and proper pricing.
Source: https://cryptoslate.com/crypto-market-regains-11-capitalization-in-a-week/