The crypto market has been in a state of flux with significant developments in the United States affecting Bitcoin miners, along with potential regulatory changes proposed by President Joe Biden. Simultaneously, investment into Bitcoin remains robust with Grayscale applying for a new Bitcoin ETF, despite market mixed signals. Bitcoin’s recent price action saw it reaching a liquidation zone, and inflation data from the US exceeded expectations slightly.
Key Points
Below I have summarised the most important updates and an outlook for the market.
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