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The bitcoin price plummeted to around $75,000 per bitcoin, dropping over 30% from its all-time high of almost $110,000, as traders panicked over Trump’s tariffs but has Bitcoin is trading at the $16,965 level and a fall to $11,500 would erase 35% from its current price. A handful of investors believe that the FTX fallout will cause lasting A Morning Consult survey fielded Nov. , in the wake of the FTX fallout, shows that the public’s prediction of bitcoin's future value is at a series low. U.S. adults predict According to the survey, US consumers believe that Bitcoin will drop to $11,526 in six months in the wake of the FTX bankruptcy, suggesting a potential decline of Bitcoin is experiencing a severe downturn over the past few days. After trading above $96,000 on Monday, its price slipped below $80,000 today for the first time since November 11. This rapid Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still Skepticism over Bitcoin among American consumers is decreasing slightly, a recent Deutsche Bank survey showed. However, some people still see the world's largest Bitcoin's (BTC) price hit an all-time high of over $68,000 in November. Since then, it has dropped over 50%, most recently briefly dipping below $33,000 - the lowest it has

US Consumers Predict Bitcoin Plunge: Will BTC Drop to $11,500 in Six Months?

Are US consumers bracing for a significant Bitcoin (BTC) price correction? A recent survey suggests a worrying trend: US consumers believe that Bitcoin will drop to $11,526 in six months in the wake of the FTX bankruptcy. This prediction points to a potential decline as Bitcoin is trading at the $16,965 level and a fall to $11,500 would erase 35% from its current price.

The FTX Fallout and Bitcoin's Future Value

A Morning Consult survey fielded Nov., in the wake of the FTX fallout, shows that the public’s prediction of bitcoin's future value is at a series low. U.S. adults predict this substantial price decrease, reflecting deep concerns about the cryptocurrency market's stability.

This sentiment comes amidst a period of high volatility. Bitcoin's (BTC) price hit an all-time high of over $68,000 in November. Since then, it has dropped over 50%, most recently briefly dipping below $33,000 - the lowest it has. Although the bitcoin price plummeted to around $75,000 per bitcoin, dropping over 30% from its all-time high of almost $110,000, as traders panicked over Trump’s tariffs, the current forecast focuses on a much lower target.

Is Bitcoin Headed for a Further Crash?

Bitcoin is experiencing a severe downturn over the past few days. After trading above $96,000 on Monday, its price slipped below $80,000 today for the first time since November 11. This rapid decline contributes to the negative outlook held by many U.S. consumers.

A handful of investors believe that the FTX fallout will cause lasting damage to the Bitcoin ecosystem, leading to the predicted drop to $11,500.

Skepticism vs. Hope: What's Next for Bitcoin?

Skepticism over Bitcoin among American consumers is decreasing slightly, a recent Deutsche Bank survey showed. However, some people still see the world's largest cryptocurrency as a risky investment. Consumers are becoming slightly less sceptical about bitcoin, a Deutsche Bank survey published on Monday showed, although just under a third of those questioned still harbor doubts.

Ultimately, whether Bitcoin will indeed fall to $11,500 remains to be seen. The cryptocurrency market is notoriously unpredictable, and external factors can drastically influence price movements. Stay informed and exercise caution when investing in Bitcoin.

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