Bitcoin Faces Volatility Amid Potential Catalysts

According to PANews, Bitcoin has experienced a turbulent week, dropping 21% from its all-time high of $110,000. Matt Mena, a cryptocurrency research strategist at 21Shares, suggests that there may be positive catalysts on the horizon. He highlights Nvidia's strong earnings report released on Wednesday and potential signs of cooling inflation in the core PCE data expected on Friday as key events that could boost Bitcoin's price. Mena stated, "Positive regulatory tailwinds, coupled with Nvidia's robust earnings—which indicate sustained AI-driven demand and bolster overall risk sentiment—along with positive growth in this Friday's Personal Consumption Expenditures (PCE) inflation data, could create an ideal macro environment for Bitcoin. This could not only help it recover previous highs but also potentially push its price beyond $150,000 as institutional and retail confidence surges." Mena also emphasized that regulatory clarity could be a game-changer for Bitcoin, particularly in attracting institutional capital. He added, "If the U.S. provides clear guidance on stablecoins and broader digital asset regulation, we could see a significant influx of institutional funds into the sector."