CURRENT BITCOIN PRICE IS ‘JUST A NORMAL CORRECTION,’ CLAIMS BRIAN KELLY
Having plunged roughly 7 percent throughout the week, Bitcoin (BTC) is experiencing a “minor correction,” according to permabull Brian Kelly - the CEO and founder of digital currency investment firm BKCM LLC — who identifies the establishment of a regulated cryptocurrency exchange and secure custodial services as potential triggers for a major breakout. Brian Kelly, told CNBC that the market appears to have reversed towards the positive. He attributes this to a string of positive news in the field — starting with the SEC’s statement that Bitcoin and Ethereum are not considered securities and the building of hype around a potential SEC-approved Bitcoin ETF. Bitcoin (BTC) is down 1.59% over the past 24 hours and is currently trading at $7,527.22 on Coinbase. BTC dominance is at 48.7% and the total cryptocurrency market cap is down 2.21% and is currently at $265 Billion.