The pressure on Bitcoin's price is due to institutional investors' reaction, as Wall Street newcomers were unprepared for sharp price fluctuations, said Anthony Pompliano, founder of Pomp Investments.
VanEck data confirms that the recent drop to $82,000 was triggered by the U.S. trading session.
Pompliano emphasized that experienced industry participants consider price fluctuations an indicator of market health.
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The pressure on Bitcoin's price is due to institutional investors' reaction, as Wall Street newcomers were unprepared for sharp price fluctuations, said Anthony Pompliano, founder of Pomp Investments.
VanEck data confirms that the recent drop to $82,000 was triggered by the U.S. trading session.
Pompliano emphasized that experienced industry participants consider price fluctuations an indicator of market health.