Swan Bitcoin CEO Cory Klippsten said it is important to pay attention to retail sentiment around Bitcoin, as ownership is still far from concentrated and “it’s not like Blackrock owns the Bitcoin.”
Bitcoin dip buyers are present near range lows, and new leveraged longs opened in the zone but the volumes lack the size needed to reverse the downtrend.
The Senate Banking Committee voted to advance the CLARITY Act in May, but it must still pass both chambers of Congress before heading to the president’s desk.
Bitcoin’s bounce from a key holder cost-basis level has improved the case for further upside, with historical data pointing to $101,000 as a potential best-case target.
Gravity Bridge was drained of roughly $5.4 million in a suspected signing key compromise, prompting validators to halt the bridge while an investigation is underway.