Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20% (opens original article in a new tab)

Traders predict further declines for Bitcoin and Ethereum as markets sell off, with Bitcoin expected to drop to $55,000 and Ethereum to $1,500. Bitcoin and Ethereum have both fallen significantly in recent months, while shares in Bitcoin's leading treasury firm, Strategy, have also declined sharply. Analysts suggest STRC's performance is influencing market sentiment, with concerns about Strategy's financial stability affecting crypto prices.

• Prediction market traders expect Bitcoin to drop to $55,000 and Ethereum to $1,500 before rebounds
• Bitcoin fell 23% in the last month and hit $59,511, near its lowest since 2024
• Shares in Strategy (MSTR) dropped 7% on Thursday, with STRC down 22% in the last month
• Ethereum fell 25% in the last 30 days and is 5.2% above its $1,500 resolution point on Myriad