Bitcoin was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.
was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.Investors have pulled money out of cryptocurrency funds for a fifth straight week, reflecting the bearish market mood as bitcoin suffered one of its worst-ever starts to a year, according to Coindesk.
"Frankly, it's a bit confusing about who actually regulates digital assets and especially crypto … and of course exactly what you can or cannot do," said Portney. In other cryptocurrency news, Britain is cracking down on "misleading" advertisements for cryptoassets, according to Reuters. The growing interest in cryptocurrencies has led to an increase in advertising, prompting warnings from Bank of England that investors they could lose all their money.
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