Bitcoin's Value Halves, Testing Market Resilience as Retail Investors Persist with Dip Purchases

Bitcoin has lost nearly half of its value since its peak last October, leading to fears of another potential crypto winter. However, Coinbase CEO Brian Armstrong reports that retail activity remains consistent, with users continuing to buy during price drops. Market commentator Mippo cautions that these trends indicate a possible "full-on crypto winter" due to unsustainable valuations and changing regulations. He also notes that as regulatory clarity improves, projects built mainly on speculation face challenges, leading to a market focus on cash flows and a reevaluation of high token prices. Mippo suggests that crypto is lagging behind AI, with meme coin speculation impacting the industry negatively. He estimates that the correction in valuations could last up to 18 months before market conditions show signs of improvement.