GBTC - Bitcoin Experts Say Price Plunge To $39000 Is 'Healthy For The Market': Here's Why | Benzinga
Bitcoin's (CRYPTO: BTC) plunge below the $39,000 mark signifies a downturn in market value.
Several crypto industry stalwarts, however, deem the correction as healthy.
What Happened: "We have needed a correction since the recent pump in price for BTC," Anthony Bevan, CEO of BlockGuard, said. "It’s an overdue retrace, which is healthy for the market. Without this correction, it would limit the potential for when the bull run truly starts to pick up pace. The whole market has been overbought for some time, I’m truly excited to see what comes next."
Multibank.io CEO Zak Taher believes that the current trend is a classic 'sell the news' situation after spot Bitcoin exchange-traded funds ...