Don’t get bearish Bitcoin just yet, says veteran trader who called 2018 crash

A wick to $28,000 sparks hopes of multi-week highs but caution remains over thin order book liquidity.

On a Dutch talk show, Christine Lagarde said that crypto is “worth nothing,” as there’s no underlying asset that backs the currencies.

The U.S. SEC rejected the application for the ARK 21Shares Bitcoin ETF in early April and has not approved a spot Bitcoin ETF so far.

Low transaction activity is gathering importance as analysts forecast volatility returning.