Bitcoin Faces Correction Amidst Institutional Uncertainty and Leadership Changes

Recent bullish momentum in Bitcoin faces a potential correction, mirroring historical market cycles. US Treasury Secretary Scott Bessent’s announcement of a strategic Bitcoin reserve has stirred investor anxiety, impacting sentiment significantly. urther uncertainty stems from leadership changes, including Bo Hines’ resignation. These factors contribute to broader market instability, leading to significant liquidations and cautionary statements from crypto experts. The seven-week uptrend faces challenges with growing institutional withdrawal and uncertain regulatory landscape.