While bitcoin today jumped more than 7% on a positive ruling regarding Grayscale’s attempt to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF, Jeff Dorman, Chief Investment Officer at Arca, says the world’s largest digital asset will need a “significant catalyst” to break out of its range-bound ways.
Crypto Market Sell-Off Was Driven by Retail Investors, JPMorgan (JPM) Says
Cryptocurrency markets have seen significant profit taking in recent weeks, with retail investors playing a bigger part in the sell-off...