Bitcoin continued to straddle the US$20,000 support line as Wednesday’s trade kicked into gear, fluctuating between a high of US$20,300 and a low of US$19,820 in the opening hours.
Ethereum’s price followed a similar trend, having touched US$1,143 as the day commenced before dropping to US$1,128 soon after.
In the news, the Italian government went bullish on blockchain, announcing a US$46mln subsidy programme extended to public and private research firms starting from September 2022.
Toronto-based crypto lender Voyager Digital (CSE:VYGR, OTCQX:VYGVF) (Voyager Digital (CSE:VYGR, OTCQX:VYGVF), Voyager Digital (CSE:VYGR, OTCQX:VYGVF)) officially filed for a Chapter 11 bankruptcy in New York, following a large-scale loan default by defunct hedge fund Three Arrows Capital.
Voyager’s chief executive officer Stephen Ehrlich said: “This comprehensive reorganization is the best way to protect assets on the platform and maximize value for all stakeholders, including customers.”