Taiwan-based technology manufacturer HTC is looking to take its virtual headset business public in the US as part of a quest to cultivate the metaverse. Is the firm making a mistake?; BTC falls but holds over $17K. TheSamReynolds and JPRubin23 report
By James RubinBitcoin was recently trading down 1.1% over the past 24 hours, although it clung above its $17,000 support of the last six days. The largest cryptocurrency by market capitalization has seemingly recovered from a mid-November swoon following the implosion of crypto exchange FTX, although it remains subject to more minor winds that have had it dipping and rising in smallish increments on larger macroeconomic events.
"Bitcoin’s earlier gains evaporated after a hot ISM services report fueled bets that the Fed could tighten much more than markets are currently pricing," wrote Edward Moya, senior market analyst at foreign exchange market maker Oanda.
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