The price of Bitcoin, the world's largest cryptocurrency, has hit its lowest point since February, leading to liquidations worth over $500 million in long positions. This significant drop comes amidst investor concerns and uncertainty surrounding a $2.7 billion transfer from the Mt. Gox bankruptcy estate. Ethereum has also dipped below $3,000 for the first time since May 17, reflecting the broader market trend. With doubts about the U.S. Federal Reserve's ability to curb inflation this year, risk assets like crypto are facing pressure. Experts predict further declines in Bitcoin's price, potentially hitting $52,000. Stay ahead of the game with Alpha Reports, offering exclusive insights on airdrops, NFTs, and more. Enhance your knowledge and make informed decisions by subscribing to Alpha Reports now. Get access to key information and up your game in the volatile crypto market.