Bitcoin Dump Not Caused by Chinese Ponzi Scheme, Institutional Investors Go For Bitcoin



Crypto Daily discusses the recent $3 billion Chinese Ponzi scam named PlusToken and the research by the crypto analytics firm TokenAnalyst. The researchers managed to disprove claims that the recent Bitcoin price drop was caused by users associated with the Ponzi scheme. Will Bitcoin manage to stay north of the $10k mark?

He also covers Brian Armstrong's tweet about institutional investors' depositing between $200 and $400 million every week on Coinbase.

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