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Thursday, December 1, 2022

Bitcoin Skyrockets to 6-Month High After Arch-Nemesis Touts Absurd Ban

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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