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Bitcoin Steady Below $30K as SBF Goes Back to Jail

Bitcoin (BTC) was holding steady just below $30,000. "The price stability is a positive sign, indicating consolidation around these levels that can potentially support another leg up," Joe DiPasquale, CEO of the crypto hedge fund BitBull Capital, told CoinDesk in an email on Sunday. DiPasquale said was still digesting last week's announcement by PayPal of its own new stablecoin linked to the U.S. dollar. "This is a major set forward since it’s the first issuance of its kind by a traditional, global payments service with hundreds of millions of users," DiPasquale said. DiPasquale believes such developments are likely to shape the market behavior.

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