(BTCIt has now stopped falling and it is trying to recover with some altcoins. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the Current production costs for Bitcoin were $34,000This is well below current prices.

Cathie Wood has published a report that shows institutional investors still believe in the crypto sector, despite recent falls. Ark Invest acquired 6.93million sharesCircle will become the main operator of Circle Special Purchase Acquisition Company.USDC) and the second-largest stablecoin in terms of market capitalization.