Bitcoin price LIVE: $8k BTC down as institutional trader labels crypto a freak show

BITCOIN is keeping its neck above water at $8k while discussion over the potential arrival of institutional money gathers pace. However one leading market strategist has warned that the big City and Wall Street players still view the space
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Bitcoin is priced at $8,021, a fall of just $20 on the day so far.
As part of a closer examination of the much-hyped arrival of bit City money into the cryptocurrency space Mike Ingram, chief market strategist at WHIreland told Express.co.uk that the two markets are further away than many in the crypto community claim.


Mr Ingram says that only a few months ago "City bars were abuzz with talk of Bitcoin and similar ‘cryptos’". However, today it's hardly spoken of, "mirroring the crypto crash itself".


Last week Ari Paul, chief investment officer at cryptocurrency hedge fund BlockTower Capital, told CNBC that pensions and large funds are looking across at crypto with interest. The CIO says that funds will add crypto-assets to their portfolios — sooner rather than later.
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