Is this crypto winter different? Key observers reevaluate Bitcoin - Source: CoinTelegraph

Bitcoin market observers believe that the recent price slump may actually reflect the asset’s wider adoption by institutions, which still don’t see it as a risk-off asset.

It’s been rough out there for crypto in recent months. Since October, when Bitcoin’s price reached a high of over $120,000, BTC has been gradually sliding. In recent weeks, it dropped sharply, down over 25% on the month.

Amid the sell-off, market observers have been looking for explanations. Bitwise chief investment officer Matt Hougan attributed the fall to the notorious four-year cycles that have previously defined crypto market price swings.

Story continues: https://cointelegraph.com/news/crypto-winter-different-observers-reevaluate-bitcoin