As of 8 a.m. on the 19th, according to CoinMarketCap, a global coin market tracking site, Bitcoin is trading at $82,507, down 1.84% from 24 hours earlier.
The price of virtual assets continues to decline amid ongoing economic uncertainty.
According to CoinMarketCap, a global coin market tracking site, Bitcoin is trading at $82,507, down 1.84% over the past 24 hours, as of 8 a.m. on the 19th. Ethereum has also decreased to $1,922, showing a 0.48% decline over the same period.
Meanwhile, Ripple has fallen to $2.28, showing a 2.43% decrease compared to the previous day, and Solana is trading at $125, showing a 2.64% decline.
Although the virtual asset market is displaying a downward trend, experts' expectations for a bull market persist.
Kathy Wood, the chief executive officer of ARK Invest, known domestically as 'Money Tree Sister,' expressed her view that "we still believe we are in a (Bitcoin) bull market" during an interview with Bloomberg. She elaborated by stating that "regulatory easing in the U.S. will encourage the inflow of institutional investors."
Moreover, market research firm Bernstein predicted in a recent report that "the current Bitcoin market is at the beginning stage rather than the peak of a bull market." They forecast that "Bitcoin will surpass $100,000 in this cycle."
The price of virtual assets continues to decline amid ongoing economic uncertainty. According to CoinMarketCap, a global coin market tracking site, Bitcoin is trading at $82,507, down 1.84% over the past 24 hours, as of 8 a.m. on the 19th. Ethereum has also decreased to $1,922, showing a 0.48% decline over the same period. Meanwhile, Ripple has fallen to $2.28, showing a 2.43% decrease compared to the previous day, and Solana is trading at $125, showing a 2.64% decline. Although the virtual asset market is displaying a downward trend, experts' expectations for a bull market persist. Kathy Wood, the chief executive officer of ARK Invest, known domestically as 'Money Tree Sister,' expressed her view that "we still believe we are in a (Bitcoin) bull market" during an interview with Bloomberg. She elaborated by stating that "regulatory easing in the U.S. will encourage the inflow of institutional investors." Furthermore, market research firm Bernstein predicted in a recent report that "the current Bitcoin market is at the beginning stage rather than the peak of a bull market." They forecasted that "Bitcoin will surpass $100,000 in this cycle.
