Vanguard expert warns Bitcoin is a ‘digital Labubu’ as risky pattern forms
NegativeCryptocurrency

- Bitcoin's price has retreated below $90,000, with a senior executive at Vanguard describing it as a 'digital Labubu' amid the emergence of a concerning market pattern. This decline follows a series of mixed signals from the Federal Reserve, raising alarms about the cryptocurrency's stability.
- The warning from Vanguard highlights the growing skepticism surrounding Bitcoin's value, particularly as the firm seeks to expand access to spot Bitcoin ETFs. This situation underscores the challenges faced by institutional investors in navigating a volatile market.
- The recent price drop reflects a broader bearish sentiment in the cryptocurrency market, with significant liquidations occurring and analysts cautioning about a fragile market setup. The inability of Bitcoin to reclaim critical resistance levels further exacerbates concerns about potential deeper corrections, indicating ongoing volatility and uncertainty in the sector.
— via World Pulse Now AI Editorial System







