Bitcoin price may hit $24K if US stock market crashes by 50%, analyst warns

Bitcoin's price could fall to $23,980 if the US stock market experiences a 50% crash, according to a market analyst. This projection is based on current indicators such as weaker exchange-traded fund (ETF) flows and subdued demand from large investors, suggesting ongoing caution in the market. The analyst highlighted that these factors contribute to Bitcoin's vulnerability to broader market downturns. The current price of Bitcoin is a key reference point for this worst-case scenario, indicating a significant potential downside risk. The analyst's warning underscores the interconnectedness of the cryptocurrency market with traditional financial markets, particularly the US stock market. The observation of cautious behavior among big investors further reinforces the potential for a sharp price decline should market conditions deteriorate significantly. This outlook suggests that while Bitcoin may hold some appeal, its price is not immune to major shocks in the global economy.