Bitcoin price under pressure as regulatory concerns mount

Rocketfuel Blockchain CEO Peter Jensen discusses the emergence and future of cryptocurrency.

Bitcoin was trading around 1% lower on Friday morning.

The price was around $32,820 per coin, while rivals Ethereum and Dogecoin were trading around $2,110 and 20 cents per coin, respectively, according to Coindesk.

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Cryptocurrencies have recently been under pressure due to regulatory concerns.

SQUARE PLANS TO ENTER THE BITCOIN STORAGE INDUSTRY

 Square Inc plans to make a hardware wallet for Bitcoin.

The plan was confirmed by the payments company in a tweet on Thursday.

Bitcoin wallets can be stored at cryptocurrency exchanges, where bitcoin can be bought and sold for traditional currencies or other virtual coins.

The announcement came shortly before U.S. Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market, according to Reuters.

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