Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.
Michael Barr, the head of the central bank's regulatory division, emphasized that the Federal Reserve is currently in the preliminary research stage and would require official legislation from Congress to formalize any action.
This would mean that BTC can't really fall any further and that now would indeed be a good time to begin buying. Of course, for the sake of balance, it needs to be highlighted that some financial institutions believe Bitcoin could continue its recent declines for a little while yet.
The Bitcoin price has fallen by 1% in the past 24 hours, slightly below a drop of around 1.5% for the cryptocurrency market as a whole. Its current price of $16,806 represents a 2% increase in the past week and a 20% decline in the last 30 days, with the FTX collapse largely to blame for this depreciation.
Despite the absence of significantly good news for bitcoin the past few weeks, a healthy number of traders, investors and analysts have argued that the original cryptocurrency has more or less reached its bottom now.
2022 Was Terrible But Be Prepared for 2023…” Raoul Pal 2023 Crypto Prediction - Bitcoin & Ethereum Macro Investor and Real ...
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