Is Bitcoin Done With Its Dramatic Drama? Economist Says End Is Near!

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So, here’s the deal: Timothy Peterson, the economist who’s like the crypto market’s annoying big brother (but in a well-educated way), has decided that Bitcoin’s meltdown phase is almost over. According to him, the digital currency’s current mood swing will wrap up in, oh, about 40 days. Apparently, according to his super-scientific historical data (read: lots of charts), crypto corrections don’t usually drag on for eternity. And honestly, who would want them to? 🙄

Earlier this month, when Bitcoin briefly decided to dive into a pit of despair (we’ve all been there), Peterson thought it’d dip down to $73,000 before coming back like a champ. But surprise! Since then, Bitcoin’s been like, “Nah, I’m staying over $80,000.” It’s been as stubborn as a toddler with a candy bar. Meanwhile, the global drama of U.S.-China trade tensions hasn’t really knocked Bitcoin off its path—guess that’s the power of cryptocurrency… or maybe just a great PR campaign. 🙃

As of right now, Bitcoin is chilling around $84,800. That’s a whole lot of digital cash and a 0.64% daily gain (if you’re into that sort of thing). The entire crypto market is doing a little hop, with a total cap of $2.66 trillion. But don’t get too excited, Ethereum’s still lagging behind like the kid who didn’t do their homework, down 0.63%. Oof. 🙄

Even though Peterson’s “short-term gloom and doom” prediction hasn’t exactly hit home, he’s sticking to his guns. He’s convinced that the “meh” phase is coming to an end soon. So, if he’s right (and who knows, maybe he is, but let’s be honest, predicting the future is a dangerous game), we could see a whole new wave of market chaos—or a potential breakout—just in time for summer. Time to break out the popcorn! 🍿

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2025-04-18 08:39