Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
Bitcoin news
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned.
Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control.
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors.
In an interview with Bloomberg, Gary Gensler suggested he had no plans to alter the SEC’s course on its “regulation by enforcement” approach to crypto.
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
The hedge fund veteran also suggests holding gold, commodities, and technology stocks.
Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.”
BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio.