Bitcoin has rebounded a little from its low under US$35K over the weekend (Goldman Sachs, China)

  


On Saturday Goldman Sachs mentioned in a client research note BTC was not a fovurite of institutions:

  • “We held two CIO roundtable sessions earlier this week, which were attended by 25 CIOs from various long-only and hedge funds” 
  • “Their most favorite is Growth style but least favorite is Bitcoin

Bolding mine ’cause those are the words that fingers are pointing it as a trigger for the BTC fall under $35K. Attribution also towards China, where Weibo suspended some crypto-related accounts on Sunday. further adding to concerns that there may be a further crackdown on the industry in China. Weibo’s pages for the suspended accounts now contain messages indicating 

the accounts have been reported for violations of laws, regulations or Weibo rules.

On Saturday Goldman Sachs mentioned in a client research note BTC was not a fovurite of institutions:

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