Bitcoin Struggles Below $30,000 as BitGo Abandons Prime Trust Acquisition

Bitcoin (BTC) price dipped below $30,000 multiple times today and is having a tough time defending this crucial level. The initial wave of negative news was from the Exchange-Traded Fund (ETF) applications, where excited investors are now seemingly starting to calm down. The next significant move is expected either from the SEC or Grayscale. Should the ETF lawsuit be withdrawn, or should the SEC agree to a settlement, we may witness the second wave of the surge. BitGo Retreats BitGo today announced that they decided not to proceed with the acquisition of the crypto custodian Prime Trust, just two weeks after announcing their intentions. The company stated in a message released on Twitter that “This decision wasn’t easy, and BitGo continues to stay committed to our mission of providing trust in digital assets.” They mentioned that this decision followed “a significant effort and work to find a way forward.” Earlier […] The post Bitcoin Struggles Below $30,000 as BitGo Abandons Prime Trust Acquisition appeared first on COINTURK NEWS.