How Low Can Bitcoin Price Drop?

Quick Summary:

BitMEX co-founder Arthur Hayes warns that BTC could soon retest $78,000, and if that level fails, $75,000 will be the next target.

Adding to the woes, El Salvador, one of Bitcoin’s biggest supporters, has reportedly halted its Bitcoin-related projects, further weakening the market’s outlook.

Over the past few weeks, Bitcoin has been bouncing between $80,000 and $95,000, reacting to economic and regulatory news.

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Article Details

Author / Journalist: Sohrab Khawas

Category: Crypto

Markets: United StatesCanadaEl Salvador

Topics: News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 05:58:47 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 26809010

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 10 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

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