A recent setback to the crypto space has meant the total capitalisation of the market is fallen back below the key $1TRN level.
With the US government's work on a potential digital dollar accelerating, meaning a digital greenback could soon be a reality in the US, the case for Bitcoin becomes "significantly stronger."
The outlook for Bitcoin has been challenged by news shares in U.S. holding company Silvergate Capital Corporation, which owns crypto bank Silvergate, plunged almost 49% on news of a delay in publishing its annual report to the SEC.
Fears of a surge in Bitcoin supply as creditors to defunct crypto exchange Mt. Gox are likely to prove unfounded, according to an analysis from a major investment bank.
The largest centralised cryptocurrency exchange in the U.S. will continue to push ahead with its Ethereum scaling solution, despite growing regulatory headwinds.
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