Bitcoin falls below $69,000, speculation on the bubble theory intensifies.
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Bitcoin has fallen about 3% to $68,631 from its recent historical high, sparking debates about speculative bubbles. Just a day ago, it hit a peak of nearly $73,798. In recent months, investors' bets on the Fed's interest rate cuts have driven the rebound of global stocks, bonds, and cryptocurrencies. However, recent inflation pressures have led investors to reassess these bets. The market is showing signs of a bubble, triggering debates about a market correction. Bitcoin supporters argue that net inflows into trading funds and a slowdown in Bitcoin supply growth will support Bitcoin prices.
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