After Bitcoin took some significant blows in the market, some investors wonder how low it could go. "$5,000 was my most optimistic downward target and my most pessimistic downward target is $1,300," says blockchain and Bitcoin consultant Tone Vays.
For the full segment, [click here.](https://cheddar.com/videos/inside-the-factors-driving-bitcoin-price-down)
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
