One of the most powerful lawmakers in the United States pleaded with his colleagues to bury the American cryptocurrency industry, and the bitcoin price responded by promptly surging to a fresh six-month high.
Bitcoin bounded as high as $6,336 on Bitstamp, vaulting the flagship cryptocurrency to its highest point since it embarked on a brutal sell-off in November 2018. The bitcoin price has now rallied a mouth-watering 69% in 2019 and continues to race toward flashing its first green yearly candle in what feels like an eternity.
Friday’s triumphant march past $6,300 came less than a day after US Rep. Brad Sherman (D-CA) begged his colleagues on the House Financial Services Committee to “outlaw cryptocurrency purchases by Americans.” We need to “nip this in the bud,” he whined.
Reference: https://www.ccn.com/bitcoin-skyrockets-to-6-month-high-after-arch-nemesis-touts-absurd-ban
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