Wall Street remains bullish on bitcoin while offshore traders retreat
Wall Street analysts continue to express optimism about Bitcoin, citing its potential for growth and institutional interest. Despite this bullish sentiment, offshore traders are pulling back, leading to a decline in trading volumes in certain markets. Factors contributing to this retreat include regulatory uncertainties and market volatility. Analysts suggest that while institutional investment may bolster Bitcoin's price, the exit of offshore traders could impact overall market dynamics. The contrasting attitudes highlight a divergence in market sentiment between traditional finance and international trading platforms.
Read the full article: CoinDesk