(BTC) continues to lose floor in December, a sign that merchants could also be locking of their good points earlier than the tip of the yr. The shortage of a Santa rally within the U.S. fairness markets signifies that the risk-off sentiment prevails because of the uncertainty relating to the unfold of the COVID-19 omicron variant in a number of elements of the world.
Even after the sharp drop in Bitcoin’s worth, the demand from institutional buyers stays tepid, and information reveals that the biggest institutional Bitcoin product, the Grayscale Bitcoin Belief (GBTC), is buying and selling at a reduction of greater than 20%.
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