Bitcoin’s (CRYPTO: BTC) has pulled back 50% from its peak, but volatility has also declined sharply from prior cycles, according to Matthew Sigel, VanEck’s head of digital assets research.
50% Price Drop, Lower Volatility
Speaking on CNBC’s Market Alert on Friday, Sigel described the current correction as significant but structurally different from past bear markets.
“There is no CEO of Bitcoin, there will be no bailout,” Sigel said, noting that regulatory uncertainty, including delays around the Clarity Act, may have contributed to selling pressure.
He added that market jitters intensified following disclosures that members of the Trump family sold part of their stake in World …