Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed
Cointelegraph
Published May 13, 2022 03:19PM ET
Updated May 15, 2022 05:40PM ET
It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar.
The bearish headwinds for the crypto market have been building since late 2021 as the U.S. dollar gained strength and the United States Federal Reserve hinted that it would raise interest rates throughout the year.
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Written By: Cointelegraph
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