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First Mover: Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks

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Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

fizzled outon Thursday. Fidelity's FBTC led the outflows with only BlackRock's IBIT recording positive, albeit minor, inflows. BTC declined 1.3% over the past 24 hours, while the broader crypto market was also down nearly 1%, as measured by theBTC, the largest and oldest crypto asset, could reach a cycle-high of $200,000 by 2025 en route to the 2033 forecast.

The company is the only crypto bank chartered by the Office of the Comptroller of the Currency in the U.S. In a Thursday announcement, the company said the addition was part of an effort to “meet rising institutional demand for safe, secure and federally regulated digital asset infrastructure.” Shoemaker was Goldman Sachs’ global head of strategy during the 2008 global financial crisis overseeing the growth of Goldman Sachs Asset Management , and later served as chief administrative officer.

 

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