BTC price holds $16K as analyst says Bitcoin fundamentals 'unchanged'

BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’


Bitcoin (BTC) lingered near $16,500 at the Nov. 23 Wall Street open as United States markets awaited Thanksgiving cues.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewGrayscale, GBTC still dominate crypto mood

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shunning volatility after fresh two-year lows the day prior.

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The pair left analysts guessing the day before U.S. markets closed for the Thanksgiving holiday, with crypto commentators still focused on Digital Currency Group (DCG).

Potential liquidity problems with DCG-owned Genesis Trading continued to agitate those already expecting further losses across Bitcoin and altcoins.

As Cointelegraph reported, concerns had already spread to doubt the future of the Grayscale Bitcoin Trust (GBTC), the largest Bitcoin institutional investment vehicle with assets under management worth over $10 billion.

On Nov. 22, Grayscale’s ex-CEO, Barry Silbert,

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