Bitcoin (BTC) once again stood out as the top target for investments from traditional fund investors last week, the latest report from crypto research and investment firm CoinShares has revealed.
The identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin (BTC), has been a subject of intense curiosity and speculation since the advent of the leading cryptocurrency.
Bitcoin price is currently trading at around $30,300, showing less than 0.50% surge during the Asian session on Monday. The recent favorable decision in the SEC vs. Ripple case has impacted the price, bringing it back to the level seen last Thursday.
Bitcoin's price has encountered a setback as it falls back down to the key support level of $30,000. At the time of writing, Bitcoin is trading at around $30,330.
In a surprising turn of events, the cryptocurrency market witnessed a sudden sell-off, causing Bitcoin price to plummet by more than 3% from its previous level of $31,750 to $30,290.
The recent regulatory crackdown has not scared Wall Street asset managers like BlackRock, Fidelity and Invesco from applying to list spot Bitcoin (BTC) exchange-traded funds (ETFs), with experts now estimating a 50% chance of approval.
A hint of caution has returned to the cryptocurrency market on Friday in wake of the emergence of reports that Binance has laid off roughly 1,000 workers in recent weeks, and that layoffs could continue.
The leading cryptocurrency Bitcoin failed to rally with global markets this week triggered by cooling US inflation. The recent decoupling of Bitcoin from the global markets has left investors worried about the token’s outlook.