Regulatory Scrutiny Delays Crypto Deals While Bitcoin Faces Bearish Price Predictions
Regulatory Scrutiny Delays Crypto Deals While Bitcoin Faces Bearish Price Predictions
Naver Financial has postponed its share swap deal with Upbit operator Dunamu, citing ongoing antitrust and crypto law reviews, alongside a decline in Upbit's profits. Meanwhile, Bitcoin continues to grapple with a bear market, with some price models suggesting a potential bottom at $40,000, despite a recent short-term bounce to $67,000.
Naver Financial delayed its Dunamu share swap by about three months as antitrust and crypto law reviews continue and Upbit operator profits decline.
Bitcoin remains in a bear market despite a short-term bounce to $67,000 as several onchain metrics and pricing models suggest that the bottom may be at $40,000.