Bitcoin is trailing as it starts a new week thanks to fresh worries over a blanket ban by India—is that it for the bull run? After hitting new all-time highs of almost $62,000 over the weekend, Indian lawmakers have burst Bitcoin’s bubble, sparking the biggest daily losses in history.
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“It remains ‘buy everything that isn’t the dollar’ season. Especially #Bitcoin,” said popular trader Scott Melker (Photo: CoinMarketCap)Markets Report: Bitcoin reaches for $1 trillion asset status after a week of all-time highs
Uninterrupted upside and increasing demand cement a week to remember for hodlers of both Bitcoin and altcoins
Bitcoin is ending one of the more spectacular weeks of both its recent history and its entire existence, still comfortably above $50,000. After gaining almost 10% over the past seven days, Bitcoin has surprised an already bullish crowd of hodlers and dealt an increasing blow to naysayers who remain convinced that a crash is guaranteed.
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Markets Report: Bitcoin primed for breakout as ether beats 2018 all-time high
Action focuses on altcoins but hope mounts for a resurgence in Bitcoin bullishness a day before Joe Biden’s inauguration
Bitcoin analysts were eagerly eyeing a fresh breakout on January 19 as BTC/USD hovered nervously around $37,000. After hitting lows of $34,000 over the weekend, Bitcoin hovered roughly in the middle of its wide trading range between $30,000 and $40,000. As the week progressed, however, signs of bullish tendencies became more palpable.
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Michael Sonnenshein takes over as CEO of Grayscale Investments as its assets grew 500% in six months (Photo: Grayscale Investments)Crypto asset manager Grayscale names Michael Sonnenshein CEO
He steps up as the crypto asset manager’s assets under management explodes, with nearly $19 billion pouring in over the past six months
Managing director Michael Sonnenshein takes the reins as CEO as the company’s flagship Grayscale Bitcoin Trust purchased nearly 73,000 bitcoins in December, more than 2.5 times the total number of BTC mined that month.
