BTC, ETH, ADA, XRP Price Warning: Bitcoin Might Fall to $65,000, Spelling Doom For Alts
Bitcoin briefly dropped below $83,000 due to low liquidity and potential MSCI index changes, threatening altcoin prices.Summary
Bitcoin experienced a sharp drop below $83,000, influenced by thin liquidity, weekend macro concerns from Japan, and fears regarding a potential MSCI methodology change that could exclude companies heavily invested in crypto from its indices. This structural issue is causing concern as firms holding over $137 billion in digital assets might face forced selling if reclassified. CEO Farzam Ehsani noted that the market is pricing in potential forced capital flows. Bitcoin's drop capped a weak November, and a sustained break below $80,500 could lead to a test of the $64,000 technical target, though major players might buy at the $60,000-$65,000 range. Meanwhile, altcoins like ETH, XRP, ADA, and SOL saw minor losses, and selective inflows continued for some US-listed crypto ETFs.
(Source：CoinDesk)