Regulatory Concerns Stall Crypto’s Upswing
Bitcoin and ether momentum stalled this week as investors fretted first about vibrant jobs data and continued U.S. central bank hawkishness, and then about the potential for increased crypto regulation. Kraken’s agreement to sunset liquidity staking services for U.S. customers particularly darkened the market mood late Thursday.
Bitcoin and ether dropped 6.8% and 7.3% over the last seven days, respectively, losing a sizable chunk of their gains from the first five weeks of 2023.
Bitcoin was trading around $21670 down by 0.81% in the last 24 hours.
Ether was trading around $1516, down by over 2% in the similar time frame.
3 Verse’s IC 15 Index was trading at 31150 points, down by 1%.
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