Why bitcoin couldn't hold $70,000 despite its best week of Wall Street news in months Institutional interest continues to grow, but a stronger dollar and shifting interest rate expectations are keeping a lid on the latest rally. What to know: - Despite a wave of "crypto-native" wins — like BNY Mellon acting as an ETF custodian and Kraken gaining Fed payment access — Bitcoin is increasingly ignoring positive industry news to follow global trends, such as the U.S. dollar index and interest rates. - The same Wall Street adoption the industry spent years chasing has tightly coupled bitcoin with th
Why bitcoin couldn't hold $70,000 despite its best week of Wall Street news in months Institutional interest continues to grow, but a stronger dollar and shifting interest rate expectations are keeping a lid on the latest rally. What to know: - Despite a wave of "crypto-native" wins — like BNY Mellon acting as an ETF custodian and Kraken gaining Fed payment access — Bitcoin is increasingly ignoring positive industry news to follow global trends, such as the U.S. dollar index and interest rates. - The same Wall Street adoption the industry spent years chasing has tightly coupled bitcoin with th