Wall Street giants raise concerns over the U.S. SEC’s aggressively pro-crypto agenda

JPMorgan revisits Bitcoin forecast after crash

JUST IN: $0.248 $ADA -14% (24h)

JUST IN: $63,500 $BTC -13% (24h)

According to Binance market data, BTC fell to a 24-hour low of $63,549.92 and is now trading at $63,750.70, down 5.55% over the past 24 hours. ETH dropped to a 24-hour low of $1,868.00 and is currently trading at $1,871.37, down 4.59% over the same period. Coinglass data shows

JUST IN: George @CryptosR_Us says "the good news is, when we get to a point of capitulation, when everyone has lost hope, that's usually when we find a footing and turn around. It feels like we're there right now. There's so much fear, it's ridiculous—it's not just crypto." $ADA

LATEST: Bitcoin has now erased all of the gains accumulated since its previous November 2021 all-time high of $69,000, with more than $1.5 billion in total crypto liquidations over the past 24 hours.

JUST IN: George @CryptosR_Us says Michael Saylor and Tom Lee "are not going to stop buying (Bitcoin and Ethereum), and they're not going to start selling. There's no reason for them to. They're going to continue to HODL and DCA." #Cardano $ADA

JUST IN: George @CryptosR_Us says "things that you think that we could never really truly recover from, we do. Massive hacks, hundreds of millions being hacked, sold, we've seen it all." #Cardano $ADA

According to Bloomberg, Bitcoin’s key mining profitability metric, hash price, has fallen to a record low of about $0.03 per terahash, based on data from Luxor Technology, while the next biweekly difficulty adjustment is expected to decline by more than 13%. Although some miners