Crypto Market Not Showing Signs Of Major Capitulation, Says Economist

Macro economist Lyn Alden noted that the current crypto market lacks the euphoria typically associated with major capitulation, reducing the likelihood of a significant downturn. During a recent podcast, Alden explained that the market dynamics are not solely driven by Bitcoin's halving cycle but by broader macroeconomic factors. She indicated that outcomes are often not as extreme as investors anticipate, suggesting the potential for a longer cycle. Despite opinions from others, such as Sigma Capital's Vineet Budki predicting a significant drop in Bitcoin prices, Alden emphasized that investors should not assume a bull market is guaranteed. She anticipates Bitcoin might reach the $100,000 mark in 2026, possibly setting new highs either that year or in 2027. Market sentiment remains cautious after Bitcoin's price declined from recent highs, highlighting uncertainty among traders regarding future trends.

Source 🔗