The post Is a Bigger Bitcoin Crash Coming? Mark Yusko Talks $100K and Market Outlook appeared on BitcoinEthereumNews.com.

The post Is a Bigger Bitcoin Crash Coming? Mark Yusko Talks $100K and Market Outlook appeared first on Coinpedia Fintech News The global crypto market is showing signs of stabilization after one of the most volatile weeks of the year. Total market capitalization stands at $3.88 trillion, up 0.28% in the last 24 hours. Bitcoin reached a new all-time high earlier this week, even as the market endured its largest leverage wipeout in history. Nearly $19 billion in open interest was erased, causing funding rates to reset and speculative positions to unwind. Despite the shake-up, Bitcoin has recovered quickly and now trades near $113,381, with a 1.44% daily gain and over $70 billion in 24-hour trading volume. According to Mark Yusk, founder of Morgan Creek Capital, Bitcoin’s growth shows the steady decline in the value of traditional currencies worldwide. Bitcoin Rises as Currencies Lose Value On the Thinking Crypto podcast, Yusko said that Bitcoin’s upward move is closely tied to the weakening of fiat currencies. As nations continue to print money and devalue their currency, Bitcoin’s price in dollars, yen, and euros naturally moves higher. He said that many people focus too much on Bitcoin’s dollar price, while in other parts of the world, the digital asset has already been setting records for years. In countries like Turkey and Venezuela, where local currencies have lost nearly all their value, Bitcoin has consistently reached new highs. Historical Cycles Show a Predictable Pattern Bitcoin’s price cycles tend to follow a clear timeline. In both the 2017 and 2021 cycles, the time from market peak to bottom was 364 days. The time from cycle low to cycle high was 1,064 days, and that same duration marked the latest peak this month. Some analysts had predicted this timing years ago, meaning that Bitcoin’s long-term…