What happened in crypto this week?
Price WatchBitcoin is up 16% this week to $9,000. This comes as part of an increase across the entire cryptocurrency market. It’s also likely the result of higher trading volumes. Fundstrat’s Thomas Lee made a price prediction of Bitcoin reaching $91,000 by March 28, 2020. Morgan Stanley likened Bitcoin to the dotcom crash.Ethereum is up 4% this week to $539. As usual, it’s trailing Bitcoin in its recovery. Barring any sudden crash from Bitcoin, many analysts expect a strong week.The entire crypto market is up 10% this week. Although the market was mostlysideways, it appears to have finished strong.Regulation:More Ad Bans: Twitter announced this week it’s banning cryptocurrency ads with limited exceptions. This comes on the heels of a similar ban from Googlelast week. Competitor Facebook hadbanned the ads in January.No Petro: Trump signed an executive order this week banning US residents from engaging in transactions related to Venezuela’s “Petro”. It’s ambiguous at the moment how this will be enforced. Petro has faced many obstacles afterreportedly raising $5 billion. It’s beendeclared illegal by Venezuela’s Congress despite support from the President. It’s also been linked toRussia which some consider a reason for Trump’s ban.G20 Calls for a Report on cryptocurrencies to be released by July. Cryptocurrencies have had mix reactions from G20 countries. Some nations, like
Brazil, have already announced they .... To see the continuation of the news join in our telegram channel
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