Global Crypto Market Cap Falls 7% in Past 24 Hours

The video discusses recent factors influencing Bitcoin's market, including the US infrastructure bill with crypto tax provisions and China's stance on crypto mining. These have caused market volatility, with Bitcoin experiencing a drop. Despite this, crypto bulls remain optimistic about reaching $100,000 by year-end. The video also explores the potential long-term implications of these factors, noting that many miners have left China, reducing its impact. The short-term outlook for crypto prices is expected to be choppy, with Bitcoin showing resistance around $65,000, but the fourth quarter is typically favorable for Bitcoin.

What are the expectations of crypto bulls for Bitcoin by the end of the year?

What is the outlook for Bitcoin prices in the near term according to the discussion?