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Most Bitcoin Traders are Retail, But Pros Dominate the Market - Report


Although the bitcoin (BTC) market has grown to include a huge number of smaller retail traders, the markets where bitcoin prices are actually determined are still dominated by a small number of “professional traders,” a new report from crypto analysis firm Chainalysis said. These professionals...

Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance


Wisdomtree has filed for a commodity fund with 5% exposure to bitcoin, in a fresh attempt to bring an exchange-traded fund (ETF) backed by the benchmark cryptocurrency to the market. According to a filing with the U.S. Securities and Exchange Commission (SEC), the fund is targeting to invest mainly...

CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules


The chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establish a framework for sound crypto regulation. He believes that the U.S. must lead in the crypto field and “applying overly prescriptive rules could stunt the development of this important...

Crypto Market Sentiment Drops; Only Bitcoin and Ether in Positive Zone


Along with a drop in price, market sentiment score (sentscore) has moved away from the positive zone it had gotten very close to last week. According to crypto market sentiment analysis tool Omenics, the combined moving 7-day average sentscore for the top 10 coins dropped from 7.87 back to 5.48...

Bitcoin, Stocks Fall Again as Risk-Off Sentiment Hits Market


After the first wave of selling hit both bitcoin (BTC) and the stock markets before the weekend, round two for the bears may be about to kick in as the new week begins in the red for both markets again. As of press time on Monday morning (09:19 UTC), bitcoin was down by 3% over the past 24 hours...

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