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"The market looks to have digested most negative news during the recent sell-off from $41,000 to $29,000," one analyst said.

The Arcane Research report says this downward trading indicates institutional investors are being “cautious” at the moment.

"I would prioritize implementing pieces" of a new AML law around crypto, Treasury Department nominee Brian Nelson said.

The decline brings the year-to-date gain down to just 3%, according to CoinDesk 20 data.

One plaintiff says El Salvador's president failed to consider the law's harmful effects.

BIT Mining expects to deliver another two batches of machines by the start of July.

The business-intelligence software company said that as of June 21 it holds more than 105,000 bitcoins.

Michael Burry issued the warning in a series of tweets that have since been deleted.

"Compared to the amount of miners that get shipped regularly, it's just a small batch," a mining source told CoinDesk.

Data from services on Bitcoin and Ethereum shows what's real in crypto adoption stories.

Bitcoin remains relatively resilient, having priced in the Fed's hawkish tilt in advance.

The Sichuan government has joined other Chinese provinces in ordering local bitcoin mining operations to shut down pending an inspection.