Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000

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Bitcoinist 14h ago

Crypto CEO Reveals Why The Bitcoin Bull Market Is Over With Crash Below $80,000 - Bitcoinist

Quick Summary:

As Bitcoin (BTC) struggles to reclaim its all-time high after a price crash below the critical $80,000 mark, concerns about the cryptocurrency’s future outlook have intensified.

Ki Young Ju, the founder and Chief Executive Officer (CEO) of CryptoQuant, has stepped forward with an on-chain backed explanation, arguing that the Bitcoin bull market has officially ended.

Ju pointed out that many people often misinterpret this concept, assuming, for instance, that a $10 Bitcoin purchase directly increases its Market Cap by the same amount.