Bitcoin's price fell below $80,000, reaching around $77,000, prompting some analysts to declare a bear market and capitulation phase, signifying widespread losses. However, others argue the current retracement resembles a typical correction during a bull run and advise caution against premature bearish conclusions. The nomination of Kevin Warsh for Federal Reserve chair is cited as a potential catalyst for market uncertainty, though experts suggest his approach will likely be pragmatic rather than aggressively hawkish.

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