The price of virtual assets continues to decline due to ongoing economic uncertainty.
As of 8 a.m. on the 19th, according to CoinMarketCap, a global coin market tracking site, Bitcoin is trading at $82,507, down 1.84% from 24 hours earlier. Ethereum has also recorded $1,922, down 0.48% at the same time.
Ripple has fallen to $2.28, down 2.43% from 24 hours earlier, and Solana is trading at $125, down 2.64%.
While the virtual asset market shows a downward trend, expectations for a bull market persist among experts. Kathy Wood, the chief executive officer of ARK Invest, known domestically as 'Money Tree Sister,' stated in an interview with Bloomberg, "We still believe we are in a (Bitcoin) bull market," adding that "regulatory easing in the U.S. will encourage the inflow of institutional investors."
Market research firm Bernstein also noted in a recent report, "The current Bitcoin market is at the beginning stage rather than the peak of a bull market," predicting that "Bitcoin will surpass $100,000 in this cycle."