Bitcoin market reignites with volatility as Grayscale decision drags out

📆 19/08/2023 00:15:00
📰 TheBlock__

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Friday morning went without a decision in the ongoing case between Grayscale Investments and the SEC, but bitcoin volatility is back.

50,000 BTCK33 maintains that the drop will not lead to a continued negative trend.

Risk on assets are typically dumped in the face of macroeconomic headwinds, and right now, those headwinds include China's real estate crisis. "We suspect that the synchronized selloff in equities and fixed income eventually spilled over into crypto as crossover investors reduced portfolio risk," Grayscale analysts wrote.

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