Bitcoin: The Undisputed King Faces Market Shocks
#Bitcoin ( $BTC ) has been holding strong despite recent turbulence caused by the Bybit hack. While the long-term outlook remains bullish, short-term volatility is expected as investors assess the impact of stolen funds on market sentiment.
Institutional Confidence Remains:
Despite the Bybit breach, major institutional investors are maintaining their Bitcoin positions, seeing this as a temporary setback rather than a systemic issue. Spot Bitcoin ETFs continue to see inflows, supporting long-term price stability.
Halving Still on Track:
The upcoming 2024 halving remains a strong bullish catalyst, expected to push BTC prices higher as supply decreases. Traders are closely watching support levels, with Bitcoin likely to rebound once market uncertainty settles.
