The percentage of long-term Bitcoin holders is sitting at about 70%. If you’re counting on them to jettison their supply at $46,000, you might be disappointed.
Charles Gasparino of Fox Business said he’s been told by securities lawyers that the SEC “will have to investigate itself” for alleged market manipulation.
As many expect SEC approval of a spot Bitcoin exchange-traded product to be incoming, the commission’s chair warned crypto investments can be “exceptionally risky” and “volatile.”
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