The world’s leading cryptocurrency concluded a turbulent week on a cautious note, with technical indicators and on-chain data flashing warning signs. As the price grapples with crucial support zones, evidence suggests a wave of investor selling and a pullback by major holders. However, beneath this short-term weakness, significant institutional groundwork continues, with players like UBS advancing adoption efforts.
Despite the prevailing price anxiety, integration with traditional finance marches forward. Swiss banking giant UBS is reportedly exploring Bitcoin trading services for select wealth management clients, a notable step for a major global institution. In a parallel move aimed at professional traders, Nasdaq has removed position limits for options on Bitcoin ETFs, Read more…
