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Bitcoin Market Update
Bitcoin has declined approximately 24% in the past month, falling below the $90,000 mark for the first time since April, and is currently down about 30% from its all-time high of $126,198 reached in October. This drop has occurred amid growing investor concerns about economic conditions and potential tech stock bubbles.
Cathie Wood, CEO of Ark Invest, maintains a bullish outlook, projecting Bitcoin could exceed $1 million by 2030, though she has adjusted her previous estimate down by $300,000 due to rising competition from stablecoins. Despite this long-term optimism, Bitcoin remains a high-risk investment, historically experiencing significant volatility during economic downturns.
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