For sure, it won’t be exponential growth. For instance, the total crypto market value plummeted 6.8% over the last 24 hours following a pullback across most major assets. Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) are down 7.6%, 9%, and 9.1%, respectively, within that same time frame.
Bitcoin, the largest cryptocurrency by market value plummeted to a one-month low of $42,000 in the last 24 hours. Meanwhile, Ethereum, the second-largest cryptocurrency plunged to $3,335 as of this writing.
The crypto market plunge contradicts what Pal believed to happen, during an interview on Dec.27. He predicted that Bitcoin may have a strong start in 2022.
“It looks like they’re done because the market has been chopping around for the past week, which was the traditional last week of everybody squaring their books,” he said.
