It's finally "Infrastructure Week" and Congress is hammering out the details of a $1 trillion bill inching closer to the finish line. But one area that could face unpleasant consequences from the bill is cryptocurrencies.
As the price of the world’s top cryptocurrency, bitcoin, continues to hover around $30,000, some industry experts are voicing their bullish long-term views on the matter.
The People’s Bank of China has held talks with a number of Chinese banks and financial institutions, urging them to thoroughly screen clients’ accounts for cryptocurrency transactions, and cut relevant payment links.
Want to know where the crypto market goes from here? Barry Silbert, a power player in the digital-asset sector, says that investors ought to look no further than the stock market, in a Sunday-night tweet amid a downturn in digital assets.
‘Intermediate-term momentum is positive, and short-term momentum is improving. Relative strength versus bitcoin has turned up, but seems fragile,’ says Fairlead’s Katie Stockton
The founder of Tesla and SpaceX, Elon Musk, is a vocal advocate of cryptocurrency, being especially supportive of 'dogecoin' - a crypto based on a shiba inu dog meme that was created ironically.
