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Bitcoin Pre-Halving Dip: Crypto.com CEO Expects Rebound in 6 Months

Published 04/17/2024, 12:22 AM
Updated 04/17/2024, 12:45 AM
© Investing.com Bitcoin Pre-Halving Dip: Crypto.com CEO Expects Rebound in 6 Months
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  • CEO Kris Marszalek of Crypto.com maintains optimism for Bitcoin’s long-term growth despite recent sell-offs.
  • Pre-halving pressure leads to Bitcoin dipping over 5% in 24 hours, reaching $62,500.
  • Marszalek foresees a significant market turnaround within six months following the Bitcoin halving.

While Bitcoin has encountered significant selling pressures in these few days to the halving, the CEO of Crypto.com, Kris Marszalek, believes this halving event is poised to strengthen the price of BTC over the long haul.

Marszalek expressed this sentiment in a Tuesday interview on Bloomberg. He affirmed that the Bitcoin market may continue to witness a downturn pre-halving, attributing it to “due to buy-the-rumor, sell-the-news trading.”

Notably, Bitcoin is down again by over 5% in the last 24 hours to $62,500 after briefly rallying to $66K yesterday. On Saturday, the asset cra…

The post Bitcoin Pre-Halving Dip: Crypto.com CEO Expects Rebound in 6 Months appeared first on Coin Edition.

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