Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip

Goldman Sachs downgrades Bitcoin exchange-traded firm's stock to ‘sell’ The next few months are going to be ugly for Bitcoin investors. 21Shares is gearing up for crypto winter by launching a new product that allows investors to gain low-cost exposure to Bitcoin. MicroStrategy acquired 480 Bitcoin for $10 million and sits on 129,699 BTC valued at a combined $3.98 billion. A British Virgin Islands court reportedly orders that 3AC be liquidated amid reports that the hedge fund is bankrupt. Bitcoin’s paltry rally toward $22,000 earlier this week had some investors excited that a short-term breakout was imminent. Now, investors are wondering whether we will see $30,000 or a $17,000 Source