Bitcoin

<ul><li>Bitcoin&#39;s decline to $65,000 attributed to reduced ETF inflows and high funding rates leading to market liquidations.</li><li>Self-sovereign identities gain traction, offering users a simplified way to manage multiple cryptocurrency wallets.</li><li>Global events and technological advancements continue to shape the cryptocurrency landscape, underscoring its evolving nature.</li></ul>In a riveting analysis by Altcoin Daily on X, the cryptocurrency sphere has recently witnessed a notable decline in Bitcoin&#39;s value, plummeting to $65,000, amidst widespread speculation and concern. Contrary to popular belief, this downturn cannot solely be attributed to major financial institutions like Vanguard <a href="https://investor.vanguard.com/investor-resources-education/news/vanguards-perspective-on-bitcoin-etfs#modal-transcript" rel="noopener noreferrer nofollow">opting out</a> of offering a spot Bitcoin ETF. A deeper dive into the situation reveals a confluence of factors including reduced ETF inflows, escalated liquidation events due to high funding rates, and the intrinsic volatility of the crypto market.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/4d7b91e7a03546d28176bdb0bf9de803.png" />Interestingly, the spotlight has been on Vanguard following their CEO&#39;s declaration against integrating Bitcoin into their offerings. However, this development is but a minor ripple in the vast ocean of factors influencing cryptocurrency valuations.<a href="https://cryptotale.org/cryptocurrency-downturn-beyond-vanguards-bitcoin-etf-stance/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Cryptocurrency Downturn - Beyond Vanguard's Bitcoin ETF Stance

CryptoTale

Other articles published on Mar 16, 2024

Solana or Ethereum L2s? Crypto Veteran 'Tired of These Takes'

Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000

Vanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiries

Hope Not Lost: Grayscale’s Ethereum ETF Bid Amid Skepticism

Solana community embroiled in NFT tussle with Dogwifhat owners

Cardano’s Market Performance and Prospects

Join our free newsletter for daily crypto updates!