According to Patrick Heusser head of trading at asset manager Crypto Finance
Bitcoin s (CRYPTO: BTC) fall below $30,000 is just the beginning of another major correction for the world s top cryptocurrency.
What Happened: According to Fortune, Heusser told the outlet that he is expecting a strong dip towards $22.000 during a recent interview.
The report follows Bitcoin falling below the $30,000 level earlier this week, for the first time since June 22.
As of press time, Bitcoin is trading higher, at $32,277, nearly 40% down from its mid-April all-time high of almost $65,000.
This has brought on the timidly soaring bearish sentiment that recently saw competing with Bitcoin bulls as the options market saw increased demand for out-of-the-money or lower strike put options at $22,000 and $20,000.
Insights on the Crypto Asset Management Global Market to 2026 - Featuring Coinbase, Crypto Finance and Anchorage Among Others
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Bitcoin (BTC) Price Falls Below $30k for First Time Since June 22
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Krypto in der Schweiz: Ein Reality-Check
finews.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.ch Daily Mail and Mail on Sunday newspapers.
Niklas Nikolajsen, Arthur Vayloyan
Bitcoin Suisse in Search of Itself
Bitcoin Suisse should be exceedingly pleased. Instead, the most successful crypto-broker in Switzerland seems hampered by strategic, quasi-existentialist questions. One of them is whether it should apply for a banking license or partner with a bank.
Bitcoin Suisse s business is booming. The Zug-based crypto-broker reported net profit of over 24 million Swiss francs ($26 million) in the second half of 2020, while increasing the level of digital custody assets to over $6.5 billion.
With more than 250 employees, it is no longer even small. And it is preparing for a public security token offering as a way of raising additional funds after amending its articles of association to allow its shares to be tokenized.