Crypto SWOT: Bitcoin is witnessing a pullback in price after hitting recent all-time highs

Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Fantom, rising 50.68%.

Bitcoin sank to a two-week low before paring losses, reports Bloomberg, as demand for the U.S. spot ETFs dries up. The digital asset has declined almost every day since hitting a record high just shy of $73,798 on March 14. RSI levels are starting to show momentum is weaking on Bitcoin, the article continues.

Standard Chartered Bank has raised its bitcoin price prediction target to $150,000 from its previous estimate of $100,000. The new target comes from continuous strong inflows in recently launched spot bitcoin ETFs in the U.S., according to Bloomberg.The SEC is waging an energetic legal campaign to classify Ethereum, the second-most popular cryptocurrency, as a security, according to U.S. companies that have received subpoenas related to an investigation, writes Bloomberg.

is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .

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