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BRN analyst Valentin Fournier has made yet another appearance on Money FM 89.3. Talking to host Hongbin Jeong, Fournier discussed the recent sharp decline in Bitcoin’s value, which has dropped from a record high of $109,071 in January to around $80,000 currently.
This significant pullback, nearly a quarter from its peak, has raised concerns about whether the cryptocurrency market is entering a bear phase. Fournier discussed how factors such as uncertainty over US tariff policies, the broader health of the US economy, and a sell-off in the tech sector have dampened investor sentiment, leading to increased volatility in the crypto market.
The conversation also touched on the different categories of sellers driving the recent market decline, questioning whether retail investors, institutional players, or miners are offloading their holdings.
Additionally, Fournier shed light on the broader perception and adoption of cryptocurrencies. Institutional investors, governments, and the general public are reconsidering their stance on digital assets amid the current downtrend.
