GBTC helps cryptocurrency traders in the U.S to know more about Bitcoin price movements without having to purchase the actual cryptocurrency.<\/p>\n

Currently, Bitcoin is trading at about the $30,400 mark on most crypto exchange platforms.<\/p>\n

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Bitcoin has seen 7 straight weeks of losses for the first time in history. This comes amid a downturn in crypto markets, rising retail interest rates, stricter cryptocurrency regulations, and systemic risks in the cryptocurrency sector. Bitcoin almost reached the $47,000 level in mid-march in a run that lasted for a number of weeks after falling to $37,000 from the November 2021 all-time high of about $69,000. Since mid-March, Bitcoin price has been falling every week. According to CoinDesk, Bitcoin could reach $20,000 if the current market conditions continue. Bitcoin, which is the largest cryptocurrency by market capitalization, has for <\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":""},"categories":[15],"tags":[],"acf":[],"yoast_head":"\n