Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

Bitcoin and Stocks Drop; Analysts See Risk of Further Downside

The widening in the discount is seen as a sign of waning optimism for a conversion anytime soon – the opposite of what was happening last week, when some investors were buying GBTC, betting on the fund’s chances, said Pablo Jodar, financial products manager at Storm Partners, a tech supplier for the crypto industry in Europe.

Originally Posted on: https://www.coindesk.com/markets/2022/07/01/market-wrap-bitcoin-suffers-its-worst-month-since-2011/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Bradley Keoun, Jimmy He

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