After a roller-coaster ride the previous 24 hours, bitcoin returned to the perch that it's occupied for much of the past 10 days between $29K and 29.5K. UNI, LTC and BCH tumbled. JPRubin23 writes
Major altcoins were largely in negative territory with BCH and UNI down more than 5% and 6%, respectively.
Investors appear to have cast aside industry-specific and macro events that sent BTC's price surging past $30,000 on Wednesday amid reports of a Fitch downgrade of U.S. Treasurys and MicroStrategy plan to purchase more bitcoin, but then had it plunging below $29,000 after news website Semafor wrote that Binance could face Federal, criminal charges.
“We're seeing a multitude of influential factors at play, which includes corporate investments, regulatory advancements, macroeconomic shifts, and potential for increased accessibility through financial products like ETFs," Feng wrote."MicroStrategy's continued investment in Bitcoin certainly underscores their commitment, helping solidify corporate interest in digital assets.
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