According to Andre Dragosch, European Director and Head of Research at Bitwise Asset Management, Bitcoin could face more downward pressure in the coming weeks. This presents a potential buying opportunity for long-term investors. The recent decline in Bitcoin's price was influenced by the Federal Reserve's hawkish signals, including fewer rate cuts planned for 2025 and a reaffirmation of the ban on BTC holdings. Traditional financial assets were also affected, with the S&P 500 losing 2% and the dollar index rising. Treasury yields increased, signaling higher borrowing costs and making fixed-income investments more attractive than cryptocurrencies. Despite the short-term negativity, Dragosch remains optimistic about Bitcoin's long-term prospects, citing its fixed supply cap and growing adoption as a store of value.



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