![]() ![]() The bitcoin price has recorded similar such declines in the past, although bullish bitcoin and crypto investors remain confident bitcoin's price is going far higher in coming years. Navellier warned the bitcoin price could drop below $10,000 per bitcoin, a fall of more than 80% from its all-time high set last month of almost $70,000. "The more the Fed tapers, the more volatility we should see in both stocks and bonds-and yes, bitcoin, too."īitcoin and especially smaller cryptocurrencies remain highly volatile compared to traditional markets, with the likes of ethereum, Binance's BNB, solana, cardano and Ripple's XRP often bouncing double-digit percentages in mere hours. "The Fed is tapering, and this should create a correction in risk assets, of which bitcoin is a part," Navellier wrote in comments first reported by Insider.
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