Bitcoin slips under 80k after Binance breach as analyst eyes year-end rebound

Bitcoin dropped below 80,000 dollars following the Binance hack. The market has entered a brief correction phase, and Marcus Thielen expects a possible dip toward 70,000 before any recovery.

The founder of 10x Research still sees a bullish year-end target of 90,000 dollars. He points to shaky investor confidence in U.S. Treasury bonds as a key driver that could push money into bitcoin.

Thielen also flagged the Federal Reserve’s likely cautious stance on policy in early December. In his view, bitcoin should outperform ethereum once conditions improve toward the end of the year.

Based on information from cryptonews.net