• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Crypto Experts Highlight the Importance of Corrections for Bitcoin Growth

user avatar

by Giorgi Kostiuk

10 months ago

Recent market changes have sparked discussions among experts about the importance of price corrections. Binance Co-founder Changpeng Zhao and analyst Tom Lee shared their insights on the topic.

Binance Co-founder Changpeng Zhao's Position

Changpeng “CZ” Zhao, co-founder of Binance, addressed his 9.4 million followers on X (formerly Twitter), encouraging them to buy during market dips. He emphasized the importance of holding assets and increasing them during corrections.

Bitcoin Price Corrections

According to CoinMarketCap, Bitcoin's price plummeted to $89,940 on January 13, marking its lowest level since November 2024. Analysts predict a further decline to $70,000 in the short term, while maintaining a bullish outlook long-term.

Crypto Fear and Greed Index

The Crypto Fear and Greed Index has shifted from 'greed' to 'neutral' over the past week, indicating a change in investor sentiment.

Experts consistently highlight that price corrections are a natural and important part of the growth of the cryptocurrency market. Their role is to provide investment opportunities during downturns.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Jihan Wu's Pivotal Translation of Bitcoin Whitepaper Fuels China's Crypto Adoption

chest

Jihan Wu's pivotal translation of the Bitcoin whitepaper into Chinese in 2011 significantly impacted Bitcoin's adoption in China.

user avatarKaterina Papadopoulou

Pundi X's Strategic Pivots Show Strong Market Impact

chest

Pundi X has a history of successful strategic pivots, indicating strong market presence and potential for enhanced positioning through innovations in AI payment solutions.

user avatarGustavo Mendoza

Pundi X's AI Focus Set to Attract Institutional Investors

chest

Pundi X's focus on AI in payment solutions is expected to attract institutional interest and increase market growth.

user avatarKenji Takahashi

Ethereum Expected to Surpass $10,000 by 2025

chest

Arthur Hayes projects Ethereum to exceed $10,000 by 2025, driven by institutional adoption, staking, and enhanced DeFi activity.

user avatarMaya Lundqvist

Numeraire Token Surges Amid $30M Funding in Volatile Market

chest

The Numeraire token surged due to a $30 million funding initiative, indicating potential for recovery and optimism in the volatile cryptocurrency market.

user avatarLeo van der Veen

Ethena Labs Withdraws 25 Million ENA Tokens from Bybit in Strategic Move

chest

Ethena Labs has withdrawn 25 million ENA tokens from Bybit, signaling a strategic shift in their cryptocurrency management.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.