News from Kraken Affect Bitcoin’s Price

Bitcoin’s price fell below $22,000 and it wasn’t a random thing. The reason derives from one of the largest players in the market, Kraken.

Kraken decided to stop the staking service after a fight with US SEC. After halting the staking service, Kraken has to pay also $30 million as a fine for non registered securities.

The decision affects the stock market and the crypto companies which are related with this, like Coinbase, Marathon Digital Holdings and Microstrategy.

Many analysts believe that institutional news will bring Bitcoin again at $20,000. We wait to see how the price will evolve in the next days and what news will affect it.