Economist: The orderly decline of Bitcoin has not triggered market panic, falling to 79,000 US dollars is not a collapse
The founder and CEO of Professional Capital Management, Anthony Pompliano, posted on the X platform saying that the Bitcoin community was actually psychologically prepared for a drop to $82,000. Economist Peter Schiff, who is not friendly towards Bitcoin, responded by saying: "This time Bitcoin's decline was quite orderly without causing panic, and I don't think falling to $79,000 means it has collapsed."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
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