WSJ: Investors are Wary of a New Round of the "Crypto Winter"
BlockBeats News, December 2nd, according to The Wall Street Journal report, the selloff in the cryptocurrency market is intensifying. Bitcoin and other digital tokens are facing a more widespread downturn that is sweeping across all markets of high-risk trades. In recent months, unprofitable tech companies, speculative shell companies, and "Meme" have fallen out of favor. Patrick Horsman, Chief Investment Officer of the crypto financial management company BNB Plus, said that as investors become increasingly pessimistic about the market and economic outlook, they are reducing their risk exposure.
Horsman said, "I think we may see Bitcoin fall all the way back to $60,000. We don't think the pain is over yet."
Strong rebounds and sickening plunges have been a recurring theme since the early days of the crypto industry. In previous "crypto winters," Bitcoin and other major digital assets lost up to 80% of their value before reversing. Each previous cycle (including the 2022 winter) was to some extent triggered by investor concerns about widespread fraud.
The current selloff, which has reassured some and confounded others, is unique in that there is no new Mt. Gox or FTX—collapses of these crypto companies that have previously fueled broader market crashes.
You may also like
Do you want to buy CRCL?
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
The most secretive AI winner
Looking at Stripe's ambitions and the future of stablecoins from OUSD
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
Dan Bin's latest speech: Don't miss out on a great era
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
