After reports surfaced that Goldman Sachs planned to turn away from opening a cryptocurrency trading desk, the company’s CFO asserted that the information is “fake news.”
Interesting article, a lot was written that the recent sell off was because Goldman was postponing it's crypto desk, good to see this wasn't the case. I think the selloff had more to do with profit taking then anything else. People always look for a reason why something goes up or down, sometimes it's just as simple as more buyers then sellers, or more sellers then buyers.
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