Daily bitcoin forecast
In addition, the New York State Attorney General Letitia James on Thursday filed a lawsuit against crypto exchange KuCoin for failing to register as a securities and commodities broker-dealer. Leveraged derivatives positions are also fueling the decline of bitcoin, according to Vetle Lunde, senior analyst at K33 Research. James also claimed that ether is a security in the lawsuit, the first time a regulator doing so in court.
Value investing is dead because Genesis collapsed, and many other bitcoin bullbear, says hedge-fund legend David Einhorn. Meanwhile, crypto traders are also increasingly worried about regulatory uncertainty in the U.
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\The reasoning behind this strategy is that the price drop is not reflective of the assets true value, and that in time, the asset will go up in. Crypto's overall market value went down nearly 8% Thursday, eliminating over $ billion within 24 hours. Several currencies, such as Solana. But Bitcoin is still down significantly from its all-time high set in November , despite a surge during The second-largest.
