Stifel warns Bitcoin could fall to $38K

Investment bank Stifel has warned that Bitcoin could fall to $38,000, based on an analysis of past market cycles, Walter Bloomberg reported. Stifel cited several factors for the potential decline, including the Fed's monetary tightening, a slowdown in the pace of U.S. crypto regulation, reduced liquidity, and large-scale ETF outflows. The bank also explained that market sentiment has entered a stage of extreme fear, suggesting waning interest from both institutional and retail investors.