Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis
Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.
Bitcoin
Market Wrap: Bitcoin Near $62K, Recovers Slowly From Turkey Crypto Payment Ban; Dogecoin Jumps
Apr 16, 2021
“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.
DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.
"The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally," one hedge fund CEO said.
Option traders continue to snap up cheap out-of-the-money call option at the $80,000 strike.
In the bank’s first quarter earnings call Friday, CFO Jonathan Pruzan said Morgan Stanley would offer more crypto services if clients showed more interest.
Bitcoin
