Bitcoin's Trading Future Amidst Market Volatility and Regulatory Scrutiny.

Despite the ongoing collapse of the crypto industry, Bitcoin remains the gold standard in cryptocurrency and is still trading at around $27,000. Its supporters argue that it is a safe haven at a time of global financial unrest. Bitcoin's adoption is growing among people in parts of the world where the banking system is either inconsistent or at the whims of an authoritarian. This need adds to the number of people who see Bitcoin as distinct from the rest of the crypto world, and for now, that appears to be enough to keep it at about $27,000.