A memo this week by the Hong Kong Securities and Futures Commission suggests that the agency will be looking to regulate NFTs; Bitcoin takes a late dive. TheSamReynolds and JPRubin23 report
Bitcoin and Other Cryptos Take a Late Dive
Still, a number of analysts said that Bitcoin was unlikely to take any deeper drops for the time being. "Institutional buyers are buying this dip and then don't forget the macro environment," King said, noting the four-decade high inflation rate in the U.S."Zero yield assets such as gold and Bitcoin do very well" at these times, he added.
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