Bitcoin slide: A cause for concern or a buying opportunity?

Bitcoin, the world’s largest cryptocurrency by market capitalization, has been experiencing a tumultuous ride in recent weeks. The virtual currency is registering its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around US exchange-traded funds for the largest digital asset subsides. The cryptocurrency is down 14 per cent in April, the most since it slumped 16 per cent in November 2022. This significant decline has left investors wondering whether it’s a cause for concern or a buying opportunity.