• 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

a year 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

Pi Network Community Optimistic About Future Developments

chest

Despite the recent price drop, the Pi Network community is optimistic about the future and potential developments.

user avatarSatoshi Nakamura

Pi Network's Token Hits Another All-Time Low Amid Market Correction

chest

Pi Network's native token has reached a new all-time low following a significant market correction.

user avatarNguyen Van Long

Miroslav Lajk Resigns as Slovakia's National Security Adviser Amid Epstein Revelations

chest

Miroslav Lajk has resigned as Slovakia's National Security Adviser after text exchanges with Jeffrey Epstein were revealed, discussing young women.

user avatarJesper Sørensen

Dropee Introduces Daily Question Feature to Engage Players

chest

Dropee introduces a daily interactive quiz feature on Telegram to engage players.

user avatarRajesh Kumar

Nvidia's CEO Clarifies Investment Plans in OpenAI

chest

Nvidia's CEO Jensen Huang clarifies that the company has not made a firm commitment to invest $100 billion in OpenAI, stating it was merely a potential upper limit for consideration.

user avatarLucas Weissmann

India's Bold Move: Zero Taxes for AI Cloud Services Until 2047

chest

India has announced a groundbreaking tax incentive for foreign cloud providers, offering zero taxes until 2047 for services run from Indian data centers and sold internationally.

user avatarMohamed Farouk

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.