This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
Bitcoin closed around $20,000 on Saturday, and on Sunday, the cryptocurrency dropped 1.55 percent to $19,708. BTC is down 58.9 percent from the year’s high of $48,234 on March 28.
The macroeconomic warnings from Goldman Sachs and Fed’s approach to interest rate hikes have played a significant role in determining Bitcoin’s price trends.
What Happened
The pseudonymous crypto analyst Capo has predicted that the overall cryptocurrency market will see a downfall, and accurately mentioned Bitcoin’s crash this year.
