Report: Wall Street Is Getting Cold Feet on Bitcoin as Crypto Crash Continues
The crypto crash has continued, with about $700 billion wiped off the market since its peak at around $800 billion at the start of the year, and leaving a trail of destroyed startups behind it. Bitcoin at one point closed in on the $3,000 price mark, well below both its peak of nearly $20,000 in 2017 and a so-called “floor” of $6,000. And now major Wall Street firms once rumored to be preparing entries to the cryptocurrency market—particularly bitcoin futures—appear to have gotten cold feet after a brutal beatdown in crypto prices this year, Bloomberg reported on Sunday.
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I think Bitcoin will do good verysoon
To minimize price rigging, it is best to keep Wall Street away from the crypto market.
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