Rising rates, regulation may cap bitcoin rally despite BlackRock's new fund

Rising rates, regulation may cap bitcoin rally despite BlackRock's new fund

Photographer: Chris Ratcliffe/Bloomberg

BlackRock’s plans for a bitcoin fund have helped push the world’s largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory crackdown could choke off the rally, analysts and industry insiders say.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter