Most of Blockchain Stocks rally in morning trading

Tiger Newspress2021-06-09

(June 9) Most of Blockchain Stocks rally in morning trading, Bitcoin traded above $35000 Wednesday, up from a day earlier.

Bitcoin traded above $35,000 Wednesday, up from a day earlier. On Tuesday, the Bitcoin price sank as low as to $31,035, undercutting a late May low. Dropping below $30,000 would signal a key breakdown for Bitcoin, which has been trying to hold support but hitting resistance at around $40,000 over the past couple of weeks. Bitcoin hit a record $64,829.14 in mid-April.

Other cryptocurrencies, including Ethereum and Dogecoin also sold off Tuesday before rebounding somewhat.

U.S. law enforcement said Monday they had recovered Bitcoin currently worth $2.3 million paid by the Colonial Pipeline last month to hackers. That cyberattack spurred a shutdown of the major East Coast gasoline pipeline. Colonial said it had paid Bitcoin worth $4.4 million at the time.

A key selling point for Bitcoin is that it's private and hard to trace, making it popular with criminals and tax evaders. But the partial recovery of the Colonial Pipeline ransom suggests law enforcement can trace Bitcoin payments to some extent. Meanwhile, the U.S. is taking steps to crack down on Bitcoin-related tax evasion, moving toward requiring cryptocurrency exchanges such asCoinbase(COIN) to report large transactions.

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Comments

SuperDizzyy
2021-06-18
SuperDizzyy
Nice read
yao2159
2021-06-14
yao2159
??
- yao2159:
  👌
JCKL488
2021-06-11
JCKL488
I hope more LATAM countries will start acceptingbitcoin and other crypto currencies soon
PhilipGoh
2021-06-10
PhilipGoh
Sos [財迷] [財迷] [財迷]
Goondoo
2021-06-10
Goondoo
Nice
abp
2021-06-10
abp
Nice

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hope more LATAM countries will start acceptingbitcoin and other crypto currencies soon&nbsp;","listText":"I hope more LATAM countries will start acceptingbitcoin and other crypto currencies soon&nbsp;","text":"I hope more LATAM countries will start acceptingbitcoin and other crypto currencies soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188107444","repostId":1115361632,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":183923833,"gmtCreate":1623301572522,"gmtModify":1704200436868,"author":{"id":"3574730309796268","authorId":"3574730309796268","name":"PhilipGoh","avatar":"https://static.tigerbbs.com/d6085185a57dcb9a222e871338387428","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1,"idStr":"3574730309796268","authorIdStr":"3574730309796268"},"htmlText":"Sos&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","listText":"Sos&nbsp;[財迷]&nbsp;[財迷]&nbsp;[財迷]&nbsp;","text":"Sos [財迷] [財迷] 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