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Crypto Update | Bitcoin Optimistic Despite Regulatory Uncertainty, but Remains Vulnerable

Markets Outlook

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Introduction

Oanda analyst Craig Erlum says Bitcoin still looks vulnerable to further declines. The total held by illiquid entities, according to GlassNote, has jumped to a record high of more than 15.2 million Bitcoin. Earlier this month, the US Securities and Exchange Commission filed lawsuits against prominent digital asset exchanges,. CoinDesk is a new source and does not provide investment advice.

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