Several crypto executives reported that Bitcoin’s movements are expected to follow the macro market situation as investors await a new narrative.
Bitcoin’s correction from its January peak is a normal and not unusual pullback cycle, with the next high still in the pipeline.
Collective Shift CEO Ben Simpson told Cointelegraph that he does not believe the bull run is over. According to him, the peak of the cycle has only been delayed due to macro conditions, while lackluster global liquidity has not helped the crypto market.
He added that this drop is only the third or fourth correction of more than 25% in Bitcoin’s cycle compared to the previous 12 cycles.
Bitcoin (BTC), currently priced at $83,190, has fallen 24% from its all-time high of $109,000 on January 20.
The drop comes amid uncertainty over US President Donald Trump’s proposed tariffs and the future of US interest rates
