Swiss National Bank President Martin Schlegel said Bitcoin is too volatile and lacks sufficient liquidity to be a reserve asset, which is currently being proposed in Switzerland.

Crypto traders expect Bitcoin price to remain choppy in the short term as a new range must be established after this week’s double-digit drawdown.

FTX creditor repayments being facilitated a little over 2 years after FTX’s shock collapse is a “win” given all the jurisdictional issues that were involved, an industry pundit said.