News
Bitcoin (BTC) Price Crash to $53K Pushes Fear and Greed Index to Lowest Since Early 2023
Markus Thielen, founder of 10x Research, cut his price target from $55,000 to $50,000. “This situation could force ETF holders and miners to liquidate more positions,” he said in an emailed note, adding that August and September are historically “tough months” for bitcoin. However, he added, “if the Federal Reserve cuts interest rates in September, bitcoin could see another attempt at a rally.”