Crypto Market Not Showing Signs Of 'Major Capitulation,' Says Economist

Lyn Alden, a macroeconomist, states that the crypto market has not yet reached euphoric levels, making a major capitulation less likely. During a recent podcast, Alden expressed that expectations surrounding Bitcoin's price movements should be tempered, noting that the market dynamics are influenced more by macroeconomic factors than by the halving cycle. She highlights that outcomes often fall between extremes, suggesting that the market is neither as good nor as bad as investors might expect. Despite Alden's outlook, some experts, like Sigma Capital's CEO Vineet Budki, anticipate significant Bitcoin retracement in the next two years. Alden argues against the mentality that investors are owed a bull market, asserting that Bitcoin may reclaim the $100,000 level by 2026, possibly hitting new highs by 2027. Currently, Bitcoin has dropped significantly from its peak recently, indicating a general bearish sentiment among traders who were hopeful for a stronger year-end performance.

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