The  Adjusted Spent Output Profit Ratio (aSOPR), a metric that indicates whether holders are selling at a profit or loss recorded a downward trajectory below the 1-level, which suggests investors are selling their positions at massive losses. 

United States Senator from Wyoming Cynthia Lummis has asserted that Bitcoin is the digital gold while affirming that the asset is here to stay.

According to <a href="https://morningconsult.com/2022/11/22/what-consumers-think-about-the-future-of-bitcoin/">survey results</a> published by Morning Consult in the wake of FTX’s bankruptcy, US adults are expecting Bitcoin’s price to fall to $11,500 within the next six months. The price prediction represents a drop of close to $5,600 in expected price from just one month ago, and more than $15,500 from price predictions made at the beginning of 2022.&nbsp;

“Crypto generally thrives when exchanges are NOT a focal point. The most impactful exchange collapse ever will have lasting shockwaves. But as shown, the key for a turnaround will likely be focus moving away from exchange tokens, and back to Bitcoin,” Santiment analysis said.&nbsp;

Recently, crypto entrepreneur <a href="https://www.bobbylee.com/">Bobby Lee</a>, who is the brother of Litecoin creator Charlie Lee, shared his latest thoughts on Bitcoin.

The latest US job report brought some brief volatility for bitcoin, but the asset remained calm overall, around $17,000.

U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchanges where commodities are traded, including bitcoin, must be regulated and the Commodity Futures Trading Commission (CFTC) is the right regulator for the crypto spot market.

Billionaire investor Mike Novogratz has revealed that he still believes the flagship cryptocurrency Bitcoin ($BTC) will trade at $500,000 per coin in the future, but delayed his prediction over the Federal Reserve and other central banks raising interest rates to rein in on inflation.

Only <a target="_blank" href="https://cryptonews.com/coins/bitcoin/">bitcoin (BTC)</a> should be considered a commodity for regulatory purposes, and not <a target="_blank" href="https://cryptonews.com/coins/ethereum/">ethereum (ETH)</a>, Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), said in a recent speech.

On-chain data shows the Bitcoin MPI has surged to its highest value since the April of this year, a sign that may prove to be bearish for the crypto’s price.