RATE Group | Bitcoin falls after Goldman reportedly drops crypto trading plans
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Bitcoin falls after Goldman reportedly drops crypto trading plans

05 Sep Bitcoin falls after Goldman reportedly drops crypto trading plans

Posted at 16:43h in Bitcoin News by

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Bitcoin slipped below $7,000 Wednesday after a report that Goldman Sachs is abandoning plans to open a trading desk for cryptocurrencies.

The world’s largest digital currency fell roughly 5 percent to a low of $6,938.10, according to data from CoinDesk.

Goldman still sees the regulatory environment as ambiguous, according to Business Insider, which cited people familiar with the matter. The Wall Street giant has been considering the launch of a new trading operation focused on bitcoin and other digital currencies for the past year. The bank’s CEO Lloyd Blankfein tweeted in October that Goldman was “still thinking about bitcoin.”

“No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold,” Blankfein said at the time….

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