Bitcoin price was weighed down by a number of factors earlier in the week, namely news of stricter regulation in South Korea, the outage on HitBTC, and Paul Krugman’s negative remarks on cryptocurrencies.
However, this might not be enough to derail the positive sentiment among most investors as it has been previously reported that institutional interest is picking up. Besides, the dollar could also be under pressure due to worsening trade tensions between the U.S. and China, so alternative assets like bitcoin could be poised to take advantage.