Bitcoin Dips to Four-Month Low Amid Banking Turmoil
Pulse of the market
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Bitcoin fell to a four-month low of $103,850 on Friday amid U.S. regional bank stress, losing over $5,000 in hours. By Saturday, the asset recovered slightly to around $107,000 but remains down 15% from its all-time high.
BitMEX co-founder Arthur Hayes advised traders to view the dip as a potential buying opportunity if the crisis deepens, noting that a 2023-style bailout could fuel BTC’s next major rally.