First Mover Asia: Bitcoin’s Cost Stays Boxed In Below $51K Over Vacation Weekend

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On Wednesday, we wrapped up how Tesla’s bitcoin approval and Coinbase’s direct listing helped send bitcoin’s rate to a new all-time high near $65,000, which turned out, in hindsight, to be the marketplace peak. Today, we’ll demonstrate how some traders and financiers started to squander in April and May as issues mounted over U.S. capital gains taxes, bitcoin’s ecological footprint and a straight-out crypto restriction in China. It seemed like the fear, unpredictability and doubt– FUD, or crypto-speak for unfavorable news– was coming all at once.

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