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The price of Bitcoin fell below the support level of $ 33,000 on Thursday, slowing the bullish scenario.
Bitcoin was trading down more than 6% this morning, with a price of around $ 32,920 per coin, while rivals Ether and DodgeCoin were trading at around $ 2,200 and 21 cents per coin, respectively, according to Coindesk.
It came after an overnight rebound of around $ 35,000 in Bitcoin, as the most popular cryptocurrency failed to break through a crucial resistance level.
The latest price move came hours after further selling pressure, in part due to an unknown “whale” or a large cryptocurrency holding trying to sell more than 5,000 bitcoins. The accumulation of short positions on the main Bitfinex exchange has been observed.
Meanwhile, EU documents showed on Wednesday that the bloc will propose a new anti-money laundering authority and new transparency requirements for the transfer of crypto assets, Reuters reported.
The U.S. Securities and Exchange Commission also wants more time to consider SkyBridge Capital’s request to create a bitcoin business fund, according to a U.S. regulatory agency filing reported by Coindesk.
US regulators have been very cautious about approving such investment vehicles. The approval will allow individual investors to access the bitcoin market without having to own the bitcoin itself.
On the other hand, more than $ 1 billion in cryptocurrency has been spent by consumers around the world in the past six months using crypto-linked Visa cards, according to a blog posted by the card company. credit and debit.
Visa chief financial officer Vasant Prabhu told FOX Business that spending on cryptocurrency for daily purchases has grown “very rapidly” from “next to nothing” a year ago.
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