Bitcoin may go back to the $12,000-$10,000 support before resuming its rise: crypto Bloomberg's mikemcglone11 $BTC $ETH crypto
According to the same report shared by McGlone, he expectsthis year. The performance of the second largest crypto compared to Bitcoin has been promising, the report says, even though there have been no big price actions for ETH in 2022.
The promising potential of Ethereum may have been assumed due to Ethereum's long-awaited Merge upgrade in mid-September as the network switched to the proof-of-stake consensus protocol.Ben Armstrong highlights possible fall below $15,000 Popular crypto YouTuber Ben Armstrong, aka BitBoy on social media platforms, tweeted yesterday that he expected a"panic day" to happen to Bitcoin as there was a lot of potentially negative news for it. He mentioned the worsened expectations for the unemployment rate, the dispute between Gemini's founders Winklevoss and massive withdrawals from the crypto-oriented bank Silvergate, which exceeded $8.1 billion.
The bank started laying off its employees and began to sell its assets at a loss in order to cover the damage from the staggering withdrawals made by investors after the collapse of the FTX exchange. The latter happened at the start of November.
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