Bitcoin and cryptocurrency prices have somewhat stabilized this week after a steep sell-off that wiped over $1 trillion from the combined crypto market, with Ethereum, BNB, Solana, Cardano, and XRP tanking and sparking fears of new crypto winter.
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The bitcoin price dropped from a peak of almost $70,000 per bitcoin late last year to around $30,000 this month before rebounding slightly—even as some bullish investors bet the bitcoin price will eventually hit staggering highs.
Now, Wall Street giant Goldman Sachs has warned increased crypto adoption may not translate into higher prices and could even damage the narrative that bitcoin, Ethereum, and other coins diversify a portfolio.
