Markets News

Trump, tax and hacks: 5 things shaping Bitcoin price action this week

Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains. Cointelegraph takes a look at five factors that could shape Bitcoin price action in the coming week. Trump tax files see $11,000 BTC price bounce Sunday provided an unexpected boost to Bitcoin after a week of lackluster price …

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Winklevoss: US Dollar Is Now a ‘Funny Money’ Endorsement of Bitcoin

The United States’ failure to agree on Coronavirus stimulus shows that the dollar is “funny money” and endorses Bitcoin (BTC), says Cameron Winklevoss. In a tweet on Aug. 6, the Gemini exchange co-founder delivered a damning appraisal of the lack of progress in Washington to deliver more financial aid. A “wake-up call and endorsement of …

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Bitcoin Price Can Hit $20K When US Banks Invest 1% of Assets — Analyst

Bitcoin (BTC) will pass $20,000 if United States banks invest even 1% of their assets, one analyst believes. Discussing institutional uptake of Bitcoin on July 23, Capriole digital asset manager Charles Edwards said that it was “not hard to see” the unfolding trend. “Not hard to see where this is going” “If US banks put …

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