Bitcoin has seen a significant drop, falling to $91,000 as the cryptocurrency market faces a downturn. This decline has led investors to reconsider their positions due to the ongoing volatility in the digital currency sector.
Michael Terpin, the CEO of Transform Venture, recently discussed the different stages of bitcoin market cycles and the potential sustainability of a rally after the U.S. elections. This has raised questions about future market trends and investor sentiment.
Market participants are closely monitoring these developments to determine if there will be a recovery or further decline in the crypto landscape.