Market turmoil continues as Bitcoin hits 2-month low and regional banking crisis attracts digital deposits.

1 min read
Source: CNBC
Market turmoil continues as Bitcoin hits 2-month low and regional banking crisis attracts digital deposits.
Photo: CNBC
TL;DR Summary

Bitcoin has hit a two-month low and posted its worst week of the year, with analysts predicting further declines in the cryptocurrency's price. The market has been hit by a combination of factors, including Elon Musk's tweets about Bitcoin's environmental impact and China's crackdown on cryptocurrency mining. Some analysts believe that Bitcoin could fall to $30,000 or even $20,000 before stabilizing, while others remain optimistic about its long-term prospects.

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