Bitcoin Price Slump: A Look at the Causes and Future Outlook

Cryptocurrency expert Michael Bucella sheds light on the recent price fluctuations of Bitcoin, offering insights into what triggered the market dips and how the sector might fare in the coming days. On CNBC’s program, Bucella highlighted that Bitcoin’s latest drop stems from a lingering liquidity crisis that occurred on October 10th. He explains that the crypto market remains sensitive to significant shocks, leading to deleveraging events and positions are now at lower levels than before.