Bitcoin's Price Volatility Continues Amidst Investor Confidence and On-chain Patterns.

Bitcoin's price slid over 3% to below $30,000, possibly influenced by an unexpectedly high UK inflation figure and liquidations. SEC Chairman Gary Gensler refused to say whether ether is a security during a hearing before the House Financial Services Committee. Venture-capital firm Tribe Capital is considering leading a $250 million fundraising round for bankrupt crypto exchange FTX. Miner selling accounts for less than 1% of bitcoin's average daily trading volume, suggesting a negligible bearish impact on the cryptocurrency's price.