Bitcoin recovers daily losses, moves closer to $2500
|The BTC/USD pair spent the majority of the day under pressure after Alexander Vinnik, one of the masterminds behind the cryptocurrency, was arrested in Greece on allegations of laundering at least $4 billion.
"Two sources close to the BTC-e virtual currency exchange, who declined to be named while commenting on an ongoing case, said Vinnik was a key person behind the platform, which has been offline since reporting "technical problems" late on Tuesday," Reuters reported after the incident.
Despite this development, the pair gained some traction in the NA session. The move, however, was a product of the USD weakness rather than a higher demand for the BTC. As of writing, the pair was trading at $2485, gaining 0.85% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.