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“Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury,” quipped Blockfolio.
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.
Bitcoin’s rally back to $19,000 could improve market sentiment and push select altcoins higher this week.
Bitcoin price may have hit a multi-year high, but numerous fundamental factors signal that even better days are ahead.
Bitcoin’s “Realized” Price Hits Another All-Time High Decrypt
Saylor Hits Back at Claims MicroStrategy’s Bitcoin Trove Makes It an ETF CoinDesk
Bitcoin Could Hurt Nvidia And The Markets With It Seeking Alpha