CoinDesk

How Low Could Bitcoin Go?

Since May, bitcoin is headed to its worst month as China’s crypto ban could be driving markets lower, but how low will it go? CoinDesk’s Galen Moore discusses the potential impact of global macroeconomic events on bitcoin, saying the effect of China’s regulatory action has been “somewhat muted.” Plus, comparing ETH and BTC monthly returns, looking ahead to Q4, and bitcoin’s correlation with ETH, the S&P 500, and gold.

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