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Bitcoin Holding $30k During Weekend Sell-Off & Rallying After U.K Regulatory Actions is an Encouraging Change in Market Reaction to Bad News

In our Friday note, we reiterated our long and medium term bullish view on crypto from our Mid-Year 2021 Crypto Outlook call last Wednesday, but discussed how markets could see some weekend volatility and a little protection to manage risk might not hurt.

Crypto markets sold-off a bit further into the weekend on early Saturday morning following news from the U.K Financial Conduct Authority (FCA) that banned certain crypto entities operating illegally, including an affiliate of the prominent crypt...

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