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More here:
Take the Money and Run - Bitcoin Transfers (even within the same state) Provide Basis for Federal Jurisdiction in Money Laundering Conviction - JD...

No doubt bitcoin has gone through a rough couple of months this year, but then again, so has every asset.

It seems like everywhere you look whether its Asia, America, Europe, etc. people are dealing with the circumstances surrounding COVID-19. The virus has done harsh damage to the global economy, resulting in several assets and markets falling by thousands of dollars since early March.

However, some analysts believe this wont be bad for bitcoin in the long run. That the situation is likely to present a positive outcome for the worlds number one cryptocurrency by market cap.

Brandon Mintz CEO of the bitcoin ATM provider Bitcoin Depot explained that right now, despite some recent surges, bitcoin is still stagnant compared to where it was in mid-February. The analysis makes sense, in a way. Yes, bitcoin has spiked beyond $7,500 at press time, but it was trading for well over $10,000 two months ago, so if BTC is going to make any serious impression, its still got room to improve itself.

However, Mintz is confident that bitcoin will do so, explaining:

While the price per coin may stagnate during a period of aggressive economic deflation, the inherent buying power of the currency will actually rise, possibly quite significantly.

Monday was harsh for many assets considering the oil market found itself tanking hard. Its unclear how a simple expiring futures contract in oil could do so much damage, but following the drop, stocks also saw themselves taking a tumble, while bitcoin and other major cryptocurrencies also fell.

Holger Zschaepitz a macro analyst tweeted:

The oil price rout will send a deflationary wave through the global economy.

These words, however, may have been uttered too early. After all, at the time bitcoin was trading for about $6,700, but it has since spiked significantly to reach a whopping $7,500 in just a few days. Stocks have also recovered, and oil itself, while not where it was before Mondays slip, has risen by more than 40 percent, and is now trading for more than $17 per barrel.

Still, some believe cash is likely to reign supreme for the next few months given the uncertainty of the entire economy. Erick Pinos ecosystem leader for the Americas at Ontology explained in an interview:

Unlike inflation, when people try to get out of the dollar because its losing value, during deflation people are more comfortable with the dollar because its value is going up.

Marcus Swanepoel chief executive of Luno still has high hopes for bitcoin, explaining:

Over the last five years, bitcoin has consistently outperformed most other major asset classes, so it is highly likely this trend will continue, especially with the increased fragility of the existing financial system weve seen over the past few months.

Read the original:
The Coronavirus May Have Actually Helped Bitcoin - Live Bitcoin News

One particular pricing model, which has gained popularity over the years after accurately predicting the price of Bitcoin, estimates that the flagship cryptocurrency is going to go ballistic after the upcoming halving.

In early 2019, a prominent figure within the cryptocurrency community known as Plan B published an article entitled Modelling Bitcoins Value with Scarcity. There, the analyst explained that Bitcoins scarcity the ratio between its above-ground supply and yearly inflation rate is highly correlated with the value of the network.

Under this premise, Plan B came up with a mathematical model dubbed stock-to-flow to estimate the future price of BTC based on its rate of issuance.

At the moment, roughly 657,000 new BTC are mined per year. But, this rate is set to drop to 328,500 new BTC per annum after the upcoming block rewards reduction event.

The significant cut in the number of Bitcoin that can be minted is expected to have serious implications in its price.

Indeed, Plan B maintains that after every halving, Bitcoins stock-to-flow doubles and the projected market value increases by 10x.

The renowned analyst said:

The [stock-to-flow] model predicts a Bitcoin market value of $1 trillion after the next halving in May 2020, which translates into a Bitcoin price of $55,000.

Along the same lines, CryptoWatch recently stated in a blog post that given the current economic climate of bailouts and infinite quantitative easing Plan Bs trillion-dollar asset valuation may happen even sooner.

The premium trading terminal provider argued that based on the stock-to-flow model Bitcoin could revisit its all-time high levels by the end of this year.

CryptoWatch explained:

[Considering the] 5% lost coins, Bitcoin should reclaim a $10,000 valuation by mid-July 2020, with price then ascending back to all-time-highs of $20,000 by November of this year.

These bullish views align with the forecast that Erik Voorhees, CEO of ShapeShift, has about the pioneer cryptocurrency. The early tech evangelist suggested during the first-ever BlockDown remote crypto conference that the upcoming halving will be the catalyst that pushes Bitcoin to new all-time highs.

Despite the optimism, investors remain extremely fearful about what the future holds. The havoc that coronavirus has caused in the global financial markets is certainly a reason to be concerned as the unemployment rate skyrockets and oil prices plummet.

Nonetheless, Tone Vays, a former Wall Street trader and VP at JP Morgan Chase, has repeatedly stated that economic crises have demonstrated to be beneficial for Bitcoin. According to the technical analyst, the current economic environment is what has made the flagship cryptocurrency so resilient in the past.

Now, it is just a matter of time to determine whether or not Bitcoin will be able to emerge as a safe haven asset and reach the upside potential given by the stock-to-flow model.

Bitcoin, currently ranked #1 by market cap, is up 1.8% over the past 24 hours. BTC has a market cap of $142.07B with a 24 hour volume of $37.25B.

Chart by CryptoCompare

Bitcoin is up 1.8% over the past 24 hours.

Cover Photo by Ross Parmly on Unsplash

See the article here:
A popular pricing model estimates that Bitcoin will reach new all-time highs this year - CryptoSlate

Are you able to noticeBitcoin SVs signals? If not, you have a problem. You might get left behind.

Whether you consider yourself an investor, user, developer, customer, speculator, business owner, influencer, or generally digital asset affine personBitcoin SV is whispering and screaming at you at the same time.

Bitcoin SVs signals to businesses

Bitcoin SV has set its protocol in stone, which means there is no need for businesses to worry about future protocol changes that might affect already built applications and implementations concerning Bitcoin SV. Businesses are safe to spend resources building on or using BSV.

All other digital assets not only plan to change their protocol but already alter it at this very moment, leaving businesses in danger to waste spent resources.

This is what developers do not understand inBTC,ETH, and other digital assets: businesses need stability.

Digital asset developers need instability though

There is a crucial discrepancy between the interest of businesses and the interests of developers concerning digital assets. While companies seek stability in digital assets, developers need instability to remain relevant for fixing the instability. Developers have no interest in building a set in stone protocol, as a once established protocol makes developers almost obsolete.

Bitcoin SV has managed to take away power from developers with its set in stone protocol. Therefore, the signal Bitcoin SV is sending out to businesses is: build here, we serve stability.

There is much more to know for businesses about Bitcoin SV, though. For example, BSV offers limitless scalability with unbelievably low transactional costs. Bitcoin SV is also not only a digital asset, but a computing network in general.

Ryan X. Charles, founder and CEO of Money Button, has pointed out Bitcoin SVs ability to become a computational beast:

Bitcoin is going to be by far the largest computer ever () And what you can do with the biggest computer in the world is: you can actually compute bigger numbers.

Listen, businesses. If you do not get this signalBitcoin SV being the largest computer everwe cannot help you. Nobody can.

What Bitcoin SV signals to investors and speculators

Speculating and investing in the digital currency sphere has since at least three years ago been nothing but gambling. People read one single tweet about this or that nonsense-coin and bought in to sell minutes later to an even greater fool.

Why has investing and speculating in digital currencies never been a real thing, though?

It is due to the lack of utility in all digital assets except for Bitcoin SV. Speculating and investing makes sense, as long as you speculate on or invest in assets that have a use case for something. If there is no use case in an asset, is it even an asset? Come on.

How is speculating on the Bitcoin SV satoshis different? Those BSV satoshis are connected to the Bitcoin SV network, which processes transactions. Unlike other digital currencies, which have no serious transactional volume, Bitcoin SV is set up to process billions of transactions per year.

Why do Bitcoin SVs satoshis have a value, unlike all other digital currencies?

This is what the BSV satoshis are going to be needed for: transactions in the Bitcoin SV network by using apps and services, not trading on shady exchange servers.

Investing in Bitcoin SV is not limited to buying satoshis though. It is interesting to pay attention to the BSV ecosystem as a whole. For example, publicly traded TAAL Distributed Information Technologies Inc. has recently filed a patent concerning a blockchain computing device.

Bitcoin SVs network will not only be about processing payment transactions but also serve as a blockchain computer (such as described by Ryan X. Charles in the quote above). This is where TAAL seems to identify never seen before market opportunities.

This is what Bitcoin SV signals to investors and speculators: invest and speculate, but it is not about gambling.

What Bitcoin SV signals into the social media sphere

Nonsense-coins such as BTC, ETH, and the like desperately needsocial media, because they have to lure in new buyers to stabilize or pump the price. Bitcoin SV has no interest in being pumped or stabilized concerning fiat money, as it offers unique use cases, low-cost transactions, and stability. Anyone is free to make use of BSV in whatever way, but Bitcoin SV does not depend on social media influencers and bot-like social media users.

There have been vicious attacks on Bitcoin SV in social media, even in cooperation with crypto news sites and shady exchanges. We saw fake news, personal attacks, and delistings happening with an unprecedented intensity towards Bitcoin SV and its proponents. Thecrypto cartelspends millions to hinder Bitcoin SVs growth.

Does it work, though? Was the crypto cartel able to hold Bitcoin SV down? Good one. While crypto Twitter was tweeting, Bitcoin SV was building.

You may tweet all day long, that does not make you a user of Bitcoin. A user of Bitcoin is someone or something that generates a transaction on the Bitcoin network. Babbling on Twitter does not generate a Bitcoin transaction. You are helping Twitter, not Bitcoin.

Bitcoin SV signals to social media: we do not need you, but you can join the network.

Receive the signals, act accordingly

If you can hear Bitcoin SVs signals, you are already in the network. Prolific Bitcoin thinkerDaniel Krawiszhas stated:

Everything is falling into the Bitcoin SV black hole

for a reason. Utility, growththose are the keywords you need to figure out.

New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.

Read the original here:
What Bitcoin SV signals to businesses, investors and social media - CoinGeek

Bitcoin (BTC) tested support at $7,500 on April 24 after a surprise surge saw the cryptocurrency beat out resistance and reliance on stocks.

Cryptocurrency market daily overview. Source: Coin360

Data from Coin360 and Cointelegraph Markets showed BTC/USD attempting to form new support at $7,500 on Thursday.

Since hitting a high of $7,760 the day before, only three brief dips to the $7,400 zone have appeared, indicating renewed market strength.

The high was Bitcoins best performance since mid-March, when markets infamously crashed up to 60%, in line with mayhem in traditional assets.

Bitcoin 1-day price chart. Source: Coin360

Since then, Bitcoin has slowly attempted to exit correlation with stocks and bonds, with Wednesdays boost sharply contrasting with misery on oil markets and foreboding among traders.

The S&P 500, for example, saw a sharp contraction in mid-day trading due to news that a pharmaceutical company allegedly harboring an effective coronavirus cure did not, in fact, have one.

Bitcoin versus the S&P 500 3-month chart. Source: Skew

Against a backdrop of continued uncertainty, Bitcoin, therefore, looked all the more impressive year-to-date, the cryptocurrency was up $300 or 4.2% at press time. Versus its March lows, BTC/USD was up over 100%.

If we make some nicer slow retracements in the coming few days, Im assuming we might even be going towards $8,400 or $9,000, as there is a CME gap over there which is a narrative for traders, Cointelegraph Markets analyst Michal van de Poppe forecast in his latest trading video on Wednesday.

But if we close the daily below $7,400, then Im assuming this to be one big trap, and Im probably even considering any shorts again.

In the event, Bitcoin did not see a daily close at lower levels.

Meanwhile, another theory surfacing among traders on social media focused on Bitcoins resemblance to the Nasdaq during and after the Dotcom Bubble.

So far this is textbook V-bottom, a popular Twitter-based analyst summarized about Bitcoins March bottom uploading comparative charts.

More:
Bitcoin Has Now 100% Recovered From $3.7K Lows, Decoupling From Stocks - Cointelegraph

Many Bitcoiners believe that 'unlimited money printing' will cause hyperinflation and a major BTC price spike this year but experts in the U.S. and Australia predict deflation is more likely to be on the cards.

The Reserve Bank of Australia, ING Bank, The New York Times and UBS are just a handful of organisations who think deflation could be a consequence of falling oil prices and a glut of products due to the plunge in demand caused by lockdowns

That's in stark contrast to the Money printer goes brrrr crowd who believe that unlimited quantitative easing this year will inevitably lead to hyperinflation and see a surge in demand for Bitcoin with its fixed supply of just 21 million coins.

A new survey by Paxful of 500 crypto users found that more than half of Bitcoin holders in the U.S. see the cryptocurrency as a hedge against inflation.

Crypto analyst Plan B argues that money printing benefits Bitcoin, and his stock-to-flow price model is predicated on the block reward halving in May reducing the rate of Bitcoin's supply and pushing up the price. Bitcoin's annual inflation rate after the halving will be 1.8% while gold will be at 2.5%.

Its interesting to note that inflation in the US actually fell 0.4% in March to 1.5% and many believe that inflation will only go down from here. New York Times Senior Economics Correspondent Neil Irwin wrote this week the negative oil price was a sign the world is in a deflationary moment".

The Covid-19 crisis is an extraordinary deflationary shock to the economy, causing the idling of a vast share of the worlds productive resources, he wrote.

In the case of oil, thats because demand has fallen off a cliff, leading to a glut of product and pushing prices negative. He argues that similar supply and demand effects will be seen across the economy. Demand has slumped everywhere from restaurants to airlines, sports arenas are empty, and 22 million workers have filed for unemployment.

"All of that points to a deflationary collapse a glut of supply of goods and services, and consequently falling prices that surpasses anything seen in most peoples lifetimes.

ING Bank's Chief International Economist James Knightley has made a similar point and argues that the collapse in energy prices and surging unemployment will soon see a negative headline CPI (Consumer Price Index).

In his article "US: Deflation is on its Way" he pointed out that expectations that quantitative easing (QE) would lead to inflation hadnt been borne out after the Feds QE1, QE2 and QE3 programmes" following the Global Financial Crisis. He suggested the dollars from the money printer would probably go into propping up financial assets, rather than into the pockets of consumers.

Knightley cited the minutes of the Fed Reserve's March meeting that suggest they believe that even with money printing and the economy reopened, "inflation was projected to weaken".

The Governor of the Reserve Bank of Australia Philip Lowe said in a speech this weekthe country faced the biggest hit since the Great Depression and that deflation was a likely outcome in the June quarter.

The large fall in oil prices, combined with the introduction of free childcare and the deferral or reduction in some price increases means that it is quite likely that year-ended headline inflation will turn negative in June. If so, this would be the first time since the early 1960s that the price level has fallen over a full year.

The RBA has fired up the money printer for the first time in its history, but told national broadcaster the ABC recently the incredibly low inflation rate in the decade after the GFC was a good indication inflation was an unlikely outcome.

Hes backed up by UBS chief economist George Tharenou who said the oil price, falling rents and desperate discounting by retailers due to low consumer demand will see the Consumer Price Index in Australia fall by 1.5% over the next three months.

Plan B may well be right that Bitcoin is a good hedge against inflation. After all, Bitcoin is already being used for that purpose in countries such as Venezuela and Zimbabwe that are experiencing hyperinflation. Arcane Research has also published research suggesting demand on LocalBitcoins in Argentina has just hit record highs, partly due to increasing inflation. And its hard to argue with those who point out the purchasing power of $1 in USD has dropped around 99% over the past century.

But while Bitcoin may be a good hedge against inflation, if the experts are to be believed, theres not a lot of inflation thats likely to occur in the near future at least.

See original here:
Experts Predict Deflation: There Goes Bitcoin Narrative #697 - Cointelegraph

Data from peer-to-peer cryptocurrency exchange LocalBitcoinsshows that citizens in Argentina are dumping record amounts of their hard-earned pesos in exchange for the first-ever cryptocurrency: Bitcoin.

The countrys economy is crumbling under enormous inflation and is the government is about to default on its debt. With the rest of the world downward spiraling toward similar conditions, is this a sign of whats to come for the leading cryptocurrency by market cap?

The global economy hasnt been healthy in over a decade. The relief and stimulus packages during the Great Recession of 2008 Bitcoinwas born from, only acted as a band-aid and a temporary fix for the underlying debt crisis that has only since gotten worse.

At the start of last year, trade tensions growing between the two world superpowers of US and China put a crack in the already thin ice the economy was resting on. When the coronavirus outbreak arrived, it was the straw that broke the camels back, causing the economy to collapse, the stock market to plummet, and sent the world into chaos.

RELATED READING | MOST IMPORTANT CHART EVER? BITCOIN S2F COMBINED WITH REDDIT RAINBOW CHART EMERGES

Things hit Argentina especially bad, which is currently suffering through the worst inflation the countrys native fiat currency has experienced, and the government is close to defaulting on its debt, which will only further exacerbate the bleak economic conditions.

As citizens watch their hard-earned pesos be devalued at a rapidly increasing rate, theres a mad dash to Bitcoin happening, according to inflows of capital data from peer-to-peer crypto platform LocalBitcoins.

LocalBitcoins connects local BTC holders for OTC transactions.

Data from Arcane Research shows volume has increased by 1028% in Argentine pesos, 407% in Bitcoin, and 139% in USD since the start of 2018 when the economy first began showing dangerous signs of destruction ahead.

Is the situation in Argentina with the nations fiat currency dying and debt running rampant a sign of whats to come for the rest of the world? Currently, the United States Fed has been granted approval by the government to essentially print whatever money is necessary to keep the economy afloat. The country is already in enormous debt, and the money-printing machine only works to rapidly devalue the dollar.

RELATED READING | BITCOIN MAY REMAIN STAGNANT FOR MONTHS, STOCK MARKET CORRELATION SHOWS

A similar hyperinflation environment could be on the horizon for the dollar, and it could cause Bitcoin to shine.

Unlike fiat currencies that can be printed at a whim, Bitcoin is hard-capped at only 21 million BTC with many more of those Bitcoins lost forever on the blockchain. Its this limited supply in the face of an endless fiat currency supply and nations will to keep on printing that could bring Bitcoin to incredible valuations in the future.

Read the original post:
Flight To Bitcoin In Argentina Due To Debt Crisis A Sign Of What's To Come - Bitcoinist

At last, bitcoin was able to break above the price ceiling that was keeping it from pursuing a more significant bull run.

The benchmark cryptocurrency jumped above $7,500 this Thursday in a surprising buying action that pushed the prices up by $704 in just three hours. It topped at $7,775 on Coinbase before correcting lower during the early Asian trading session Friday.

BTCUSD maintains gains above red bar resistance | Source: TradingView.com, Coinbase

The crypto has been able to navigate through the heavy resistance labeled on the chart seen above. Nevertheless, the interim price rally paused for a breather, indicating that traders are waiting for a bullish continuationbefore they buy bitcoin at local tops. It may lead to a sharp pullback to the downside.

As bitcoin aims to confirm an extended bull run, the cryptocurrency also has painted a historically accurate and super predictive Golden Cross.

The bullish indicator is formed when an assets short-term moving average closes above its long-term moving average. Bitcoin traders typically watch 50-daily and 200-daily MA curves to confirm a Golden Cross or its opposite, the bearish Death Cross. But those metrics have so far proven to be lagging.

In retrospect, the daily bitcoin chart forms a Golden Cross almost a month after the prices go up. Similarly, the cryptocurrency falls way before it paints a Death Cross pattern. That keeps traders from locating interim profitable opportunities.

But replacing 200-daily simple moving average with a 20-daily exponential moving average improves the predictive quality, as shown in the chart below via red circles.

BTCUSD 20-50 MA Golden and Death Crosses | Source: TradingView.com, Coinbase

The 20-50 MA combo instantly predicts bitcoins next potential moves. As of Friday, the 20-daily EMA is above the 50-daily SMA, hinting that the BTCUSD exchange rate is looking to head higher. A similar formation earlier this year had pushed the pair up by more than 40 percent.

So, in the current scenario, the bitcoin price can rise to as far as $10,000.

On the flip side, bitcoin is still trending higher inside a Rising Wedge pattern, as confirmed by two converging trendlines. The cryptocurrency could continue rising until it reaches the shapes apex. After that, it could fall by as much as the height of the Wedge, leading it below the $5,000 level.

Photo by Samuel McGarrigle on Unsplash

See the article here:
Bitcoin Forms Super Predictive Golden Cross as Price Hits $7.5K - Bitcoinist

If you told an early Bitcoin adopter ten years ago that the cryptocurrency would one day hit $1 million, they wouldve laughed. Ten years ago, a single coin traded for less than $1.00; at times, it traded for a price well under a cent.

But times have changed. Now, instead of getting laughed at, those predicting the leading cryptocurrency will hit seven digits are applauded. Its become a common sentiment in the Bitcoin market that the asset will eventually rocket higher, leaving all other assets in its wake.

There is evidence to back these forecasts up, but one commentator recently reminded Bitcoin investors that the cryptocurrency hitting seven digits would come with serious societal consequences.

As the global macroeconomic outlook has grown increasingly dire over the past few weeks, with the IMF going as far as to claim the ongoing recession is the worst since the Great Depression, calls for Bitcoin to skyrocket have increased.

Image courtesy of National Post

Contradictory as it may sound, the sentiment goes that as the ongoing economic crisis worsens, the more flaws in the monetary system that is the basis of modern society will be revealed, proving Bitcoins bull case.

Prominent investors, such as one of the earliest Facebook executives, Chamath Palihapitiya, say that the crisis will be such a boon for the cryptocurrency that it could trade at a price of millions in the coming years.

While potentially true, its a dangerous sentiment, according to one trader.

Ceteris Paribus, an industry investor, recently remarked that he doesnt even know if he wants a $1 million Bitcoin to happen in the coming few years.

The trader explained that from how he sees it, it would require a catastrophic collapse of the current monetary system for transpire, whereas fiat currencies will lose all their value within a short period of time, resulting in mass societal discourse.

Ceteris Paribus explained that for Bitcoin to truly hit the purchasing power of $1 million over 13,000% higher than the current market price there will be an unpleasant transition if it comes this quickly.

Despite the issues that could result in a $1 million Bitcoin price, that hasnt stopped the topic from being promoted by serious analysts in a serious manner. Simply put, there is legitimate evidence to suggest a shocking shift to a new monetary standard will transpire.

Ray Dalio, co-head of the worlds largest hedge fund, Bridgewater Associates, put it best in a recent interview: there will be a new world order after this crisis.

Raoul Pal, a former Goldman Sachs executive and the current CEO of Real Vision, explained that from how he sees it, the ongoing crisis is showing that theres a bona fire risk that there will be a failure of our very system of money or at least a collapse of the current financial architecture.

Bitcoin, Pal wrote in a recent research note, is the solution due to its position as the likely future of our entire medium of exchange system, and of money itself and the platform on which it operates.

Chart courtesy of Raoul Pal at Global Macro Investor

From how Pal put it, the risk that traditional financial systems will collapse is unavoidable, hence his assertion that Bitcoin will rally so far and so fast, even if that comes at the cost of discourse in society.

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Theres a Brutal Twist Behind $1 Million Bitcoin Price Predictions - newsBTC

Bitcoin prices spiked to a new monthly high of over $7,725, according to the CoinDesk Bitcoin Price Index. The rally comes on the day before the expiry for CME April bitcoin futures.

According to comments shared with CoinDesk, bitcoin traders view Friday's expiry as a primary catalyst for Thursday's rally. Theres a general expectation for a pickup in volatility around CME expiry, said Kevin Kelly, former equities strategist at Bloomberg and co-founder of Delphi Digital. But bitcoin was primed for a move given the recent consolidation, said Kelly.

Over $68 million worth of contracts were liquidated on BitMEX Thursday morning, according to data from Skew, as futures open interest is still recovering from a 50 percent plunge at the end of Q1 2020.

Bitcoins performance during a period of macroeconomic instability may be underwhelming for some investors. But Thursdays price action marks an over-100-percent recovery from bitcoins plunge at the end of Q1 2020.

Thanks to bitcoins strong macro fundamentals, were "seeing buying interest coming back, Kyle Davies, co-founder of Three Arrows Capital, told CoinDesk in a private message.

Traditional markets also rallied Thursday morning, with the S&P 500 up almost 2 percent at the time of publication.

As traders have been closely monitoring stocks, the push higher in U.S. equities today may share some responsibility for the jump in bitcoin's price, Joseph Todaro, managing partner at Blocktown Capital, told CoinDesk.

Stocks look really strong, another trader who expects bitcoin and equities to continue rallying together told CoinDesk in a private message.

Despite the highly volatile and tumultuous macro environment brought on by COVID-19, support for the popular bullish halving narrative may be resurfacing as traders become more comfortable within the current market, said Todaro.

The price of ether also spiked Thursday morning from $178 to $194, according to Bitstamp.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin Rallies 10% Ahead of CME April Futures Expiration - CoinDesk