Megabit analyst: Bitcoin has experienced short-term correction in demand, and may fluctuate and consolidate, but it is still a "safe-haven asset" in the long run.

Odaily Odaily News According to the trading platform Megabit, in the past few hours, the price of Bitcoin has fluctuated downward. It has fallen below $58,000 and rebounded slightly, temporarily reporting $58,092, with a 24-hour drop of nearly 5%. Analysts at Megabit Research Institute said that on August 6, the global financial market fluctuated violently. Bitcoin fell to $49,000 and then rebounded quickly, and fluctuated in the $60,000 range, and then did not break through the pressure range above $63,000. There is a demand for a callback, but it is unlikely to plummet again in the short term. It may fluctuate and consolidate at $55,000-56,000 and choose a direction again. Although the voice of economic recession is endless, in the long run, Bitcoin can serve as a "safe haven asset", Altcoin will be severely affected by the decline in liquidity and risk appetite, so investors may be more inclined to transfer funds from high-risk assets such as low-market-cap cryptocurrencies to safer investments.