Bearish Bitcoin bites, fears of further falls, regulation woes build: Hodler’s Digest, May 23–29

Bearish Bitcoin bites, fears of further falls, regulation woes build: Hodler’s Digest, May 23–29


Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

Bearish signals grow as Bitcoin price drops to $35,000 and traders ignore the dip

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Bitcoin is struggling right now. The cryptocurrency has struggled to keep its head above $40,000 this week as traders react negatively to twin threats of environmental concerns and the growing drumbeat of regulation.

We’ve seen a lot of downside moves across the market over the past two weeks. Although most institutional investors have held firm and vowed to continue holding onto their crypto, there’s been a lack of “we bought the dip” announcements. All of this has left retail traders worrying that BTC could suffer further declines.

The Crypto Fear and Greed Index is currently flashing a score of 18, indicating that Extreme Fear is

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