Avoid Bottom Fishing, The Selling May Not Have Ended

Avoid Bottom Fishing, The Selling May Not Have Ended

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Hi Crypto Academy Network, BitMEX CEO Arthur Hayes said in a blog post that the 10-day correlation between Bitcoin and the Nasdaq 100 Index (NDX) remains high. That means if the Nasdaq enters a meltdown, falling 30% to 50%, then the crypto markets are unlikely to be spared. He expects Bitcoin to plummet to $30,000 and Ether to drop to $2,500 by June of this year. Although the near-term price action favours the bears, hales remain bullish for the long term. At the recently concluded Bitcoin 2022 conference in Miami, ARK Invest CEO Cathie Wood reiterated her call for Bitcoin to reach $1 million by 2030. She expects about two and a half percent of institutional assets to be allocated to Bitcoin in the next eight years. Bitcoin’s price has decreased 14.38% from $46,775 last week to around $40,050 and Ether’s price has decreased by 14.33% from $3,525 last week to $3,020 Bitcoin's market cap is $764 Billion and the altcoin market cap is $1.09 Trillion. KEY TRADING LEVELS ETH TRADE XRP TRADE BTC TRADE Top Content This Week! Crypto Market Melts Down as Bitcoin More Than $323 Million In Crypto Tesla Ventures Into 100% SolarPowered Top Article This Week! Ernest Comics - The Best Comic NFTs! FungyProof raises $1 million pre-seed Artex: Bringing Art to the Masses Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

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