Investing.com– Bitcoin price fell on Thursday, seeing little relief amid continued pressure from concerns over high U.S. interest rates and increased regulatory scrutiny against some of the crypto industry’s biggest players.
The token once again drifted towards the lower end of a trading range seen through most of the last two months. Bitcoin had also slid as far as $57,000 in late-April, entering a bear market from record highs hit in early-March.
fell 1.7% in the past 24 hours to $61,563.6 by 01:46 ET (05:46 GMT). The token was also reeling from sustained outflows from crypto investment products, particuarly spot Bitcoin exchange-traded funds.
Regulatory fears continue to chip away at Bitcoin
Concerns over increased U.S. regulatory scrutiny against crypto remained in play, after trading app Robinhood Markets …
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