Part 3/14:
Over the past week, key cryptocurrencies have exhibited substantial declines: Bitcoin is down approximately 8%, Ethereum declined by 13.3%, and other altcoins such as Avalanche, Near, Optimism, and Arbitrum have seen steep drops—some as much as 12-20%. This week’s downturn intensified investor anxiety, culminating in what some consider one of the roughest periods in recent history for crypto assets.
However, amidst the turbulence, a silver lining emerges. Despite this pullback, Bitcoin remains 10.6% higher over the past 90 days, countering the short-term bearishness. Moreover, the upcoming Bitcoin halving event in approximately 85 days injects optimism about supply-side scarcity, which historically catalyzes long-term price appreciation.