Bitcoin Price Crash: VanEck Analyst Explains What Triggered the Drop

Despite these challenges, Sigel sees potential opportunities amid the turmoil. He believes the current price washout is attractive for building positions. “The depth of the drawdown and the degree of leverage reset have made the current price washout increasingly attractive for building positions on a one- to two-year view,” Sigel wrote.Quantum computing concerns have also contributed to the market’s unease. Sigel pointed out that “investor interest in the topic has increased,” even as some developers downp ...