Investing.com– Bitcoin price fell on Wednesday, extending a recent downturn as fears over mass token sales by the U.S. government largely offset some optimism over friendlier crypto regulations in the country.
fell 1% in the past 24 hours to $65,841.6 by 01:42 ET (05:42 GMT). Positive comments from Republican presidential candidate Donald Trump saw the token rally as high as $70,000 over the weekend, before the token swiftly reversed course.
Appetite for risk-driven assets was also undermined by anticipation of a Federal Reserve interest rate decision, as well as a potential escalation in Middle East tensions after reports said Hamas chief Ismail Haniyeh was killed by an Israeli strike in Tehran.
Specter of US government sales dents Bitcoin
Pressure on the world’s biggest cryptocurrency came chiefly from speculation over potential token sales by the U.S. government, which reportedly holds about $12 billion…
Read More
