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On the market, they bet that the demand of institutional investors will provoke a rebound
It falls and falls. This is the trend recorded by bitcoin in recent weeks. The new victims of today have plunged the most popular cryptocurrency to reach the threshold of 4,000 USD.
About 9%, that's all that bitcoin falls this morning, deepening the wave of selling this badet due to increased regulation as well as doubts arising from the "bifurcation" of crypto currency that led to the creation of two new versions of bitcoin.
The market is betting that the demand of institutional investors will provoke a rebound. Most managers of large sums of money have been left behind in the face of concerns over currency security, market manipulation and regulatory risk.
Mbad selling "is truly testing the confidence of some key players," Ryanberg Ryan Rabaglia, chief operating officer of OSL based in Hong Kong, told Ryanberg. cryptocurrency checkpoint, adding, "I think for this next impetus, we will need this institutional money to finally come in. Provide this support and contribute to growth."
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