The Bitcoin Sell Off Pressure Wave Attributed To Legal And Regulatory Issues


With the current bitcoin limited downside, has we see bitcoin taking a corrective look at trading at $25,000 level. The Bloomberg economic research analyst says that the cause of the selling wave is due to the legal and regulatory news which the open interest bitcoin features from the a Chicago exchange.

From the analysis gathered that the market is overly liquidated which has caused a massive sell off pressure in the market. At what effect will the bitcoin ETF be on the crypto market at large as we have seen several law suite which has been passed against ripple.

The payment firm ripple in previous months witness a slight win against SEC, which caused a surge in the market price of the digital asset on a daily trade. We are quite optimistic about the Ripple win which going to be a big one to the digital asset community and we all look forward to it.

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