The leading cryptocurrency, Bitcoin (BTC), continues its decline. At this point, Bitcoin's decline deepens, with the price dropping below $90,000 for the first time in seven months. According to CoinMarketCap data, BTC fell by 5.3% in the last 24 hours to $89,800, while Ethereum (ETH) fell by 5.8% to below $3,000. XRP is down 5% from the previous day at $2.15, Solana (SOL) is down 4% at $135, and BNB is down 3% at $907. While the declines in the crypto market have caused investors to reach extreme levels of fear, talk of a bottom has now begun to emerge in the market. Bitcoin May Bottom This Week! The latest bottom predictions at this point came from BitMine President Tom Lee and Bitwise Chief Investment Officer (CIO) Matt Hougan. According to Tom Lee and Matt Hougan, Bitcoin could bottom out this week. Speaking to CNBC, Tom Lee said he predicts BTC will form a bottom this week due to market fatigue. Lee noted that the market remained volatile following a large-scale liquidation on October 10, and uncertainty persisted over whether the Fed would cut interest rates in December. These factors are creating downward pressure, but there are also signs of widespread market fatigue, which could signal a bottom soon, Lee said. “I think factors like the instability in the market after the big liquidation in October and the growing uncertainty surrounding the Fed's December decision are putting downward pressure on cryptocurrencies. But the good news is that there are signs of exhaustion. I think there are signs in the market that point to a bottom this week.” Apart from Tom Lee, Bitwise CIO Matt Hougan also predicts that Bitcoin will bottom this week. Speaking to CNBC, Matt Hougan said a bottom will come soon and that this will be a rare opportunity that will last for generations and a gift for long-term investors. Hougan attributed the recent correction to economic uncertainty, concerns about the AI bubble, and tariffs. “I think we're nearing the bottom. I see this as a great buying opportunity for long-term investors.” *This is not investment advice. Continue Reading: Bitcoin (BTC) Drops Below $90,000 After Seven Months! Good News from Tom Lee and Bitwise! "Rare Opportunity!"
