Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CoinDesk that institutional investors’ preference for BTC represented “the safest choice in a bear market.” He noted that Ethereum’s upcoming protocol updates might be raising concerns about an increased “risk of things going wrong,” and added that the Shanghai hard fork, which will allow validators who help operate the network to withdraw 16 million staked ETH, “is expected to add selling pressure.”
Bitcoin Raises Bull Flag, Formation Triggers Calls For $100,000
A bull flag recently formed on the Bitcoin chart, raising the possibility of a trend reversal soon enough as the...