Bitcoin Plummets to $61,000, Market Down 8.4%; Bernstein Predicts $150K Amid Dip

The cryptocurrency market experienced a significant downturn, with Bitcoin's price dropping to $61,000, marking a sharp decline from its previous price of $65,000. The total crypto market cap also saw a decrease of 8.4% in a single day, with a specific dip of 7.05% to $2.39 trillion. Amidst this downturn, Bernstein analysts, from the $800 billion wealth manager, have expressed a bullish outlook for Bitcoin, predicting it will reach $150,000. They view the current dip as a temporary buying opportunity, expecting the market to consolidate before the upcoming halving event, which they believe will fuel the next bull market. The overall crypto market cap dipped to $2.39 trillion, accompanied by a 29.77% increase in 24-hour trading volume, indicating heightened trading activity during the price drop.