Bitcoin price falls despite 'really bullish' MSCI update: What went wrong?

Bitcoin's price has declined despite a positive update from MSCI, which indicated a bullish outlook for cryptocurrencies. The MSCI report highlighted growing institutional interest and the potential for Bitcoin to become a mainstream asset. However, market sentiment was affected by macroeconomic factors, including rising interest rates and regulatory concerns, leading to a sell-off. Analysts suggest that while the long-term outlook remains optimistic, short-term volatility is likely to persist.

Read the full article: Coin Telegraph

Read more