Deutsche Bank (DB) said bitcoin’s (BTC) slide to about $80,000 on Nov. 21, roughly 35% below its early-October peak, shows how quickly macroeconomic pressures and fragile market structure can erase crypto gains, wiping out nearly $1 trillion in value before the token bounced back toward $87,000. The world's largest cryptocurrency was priced around $86,000 at publication time. The bank attributed the drop to a mix of risk-off sentiment, higher-for-longer interest-rate expectations, fading regulatory momen ...

Deutsche Bank strategists say investor belief is an important factor for bitcoin valuations right now. - Getty Images One major problem for beleaguered bitcoin right now: Investor belief is crucial for continued gains, and right now the faithful are wavering. That’s according to Deutsche Bank strategists who say bitcoin’s “portfolio integration is being tested,” a move that could be temporary or drag on. And the sentiment-driven selling they’ve been seeing has put their “so-called “Tinkerbell effect” the ...

Core Insights - Deutsche Bank identifies fading investor belief as a significant challenge for bitcoin to overcome [1] Group 1 - The decline in investor confidence is seen as a major obstacle for the future growth of bitcoin [1]