: Her comments were perceived as a "one-two punch" along with previous regulatory proposals (like the unhosted wallet rule), leading to increased caution among retail and institutional investors. Market Dynamics & Institutional Trends
: A Bank of America survey released on this day indicated that "Long Bitcoin" had overtaken "Long Tech" as the most crowded trade in the world for the first time.
AI responses may include mistakes. For financial advice, consult a professional. Learn more Bitcoin News Roundup for Jan. 19, 2021 - CoinDesk Bitcoin News Roundup for Jan. 19, 2021
: While Bitcoin consolidated, Ether (ETH) hit a new all-time high on major exchanges, breaking its previous record set in 2018. Bitcoin Price Snapshot (Jan. 19, 2021) 1 BTC equals RUB 2,647,061.67 As of Apr 29, 01:57 GMT+3 • Disclaimer Jan 23, 2021 Value (Jan 19, 2021) Open $36,642.23 High $37,755.89 Low $36,069.81 Close $36,069.81 Market Cap ~$671 Billion
The primary news for Bitcoin on January 19, 2021, centered on following comments from U.S. Treasury Secretary nominee Janet Yellen . While Bitcoin's price held steady around $36,000 , her testimony to the Senate Finance Committee triggered concerns about a potential crackdown on digital assets. Janet Yellen’s Testimony & Illicit Activity Concerns : Her comments were perceived as a "one-two
: JPMorgan analysts warned that Bitcoin needed to break back above the $40,000 level to prevent an exodus of momentum-driven traders and avoid a bearish trend.
: Yellen stated that many cryptocurrencies are used "mainly for illicit financing" and suggested that the government needs to examine ways to "curtail their use" to ensure anti-money laundering compliance. For financial advice, consult a professional
During her confirmation hearing, Janet Yellen highlighted the use of cryptocurrencies in .