BTC’s Painful End to the Week 😰

...And CBDCs ‘High Priority’ for the U.S. 👀 Fri. Jan 15, 2021 "Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." 🙏 - Carlos Slim Market Activity Total Market Cap $968.08B (-8.62%) 24 Hour Volume $145.32B (+10.01%) Notable Movers IOST [(SOL)]( Bitcoin Dominance 67.69% (-1.40%) Bitcoin Price $35,254.10 (-10.01%) Cointelegraph has published new research that suggests institutions are keeping [Bitcoin]( bull market on track. Decrypt says that BTC must solve "blockchain bloat" to sustain its growth — adding that the current rally has resulted in a drop in the number of medium-sized investors. The Block warns Bitcoin liquidations are kicking up broader market headwinds. Your Friday News 📰 Learn all about crypto at [Alexandria]( your new online crypto source! [A Painful End to the Week]( 😖 Joe Biden announced a $1.9 trillion stimulus package on Thursday — but it wasn’t enough to send the crypto markets surging. After touching $40,000, [BTC]( plunged by 10%... reaching lows of $35,433.06 at one point. [ETH]( and [XRP]( have also slid into negative territory. [There’s one altcoin that’s continued to perform very strongly despite the latest bout of volatility.]( [‘Elon Musk’ Scams on the Rise]( 🚨 Security researchers have warned that fraudsters are hijacking verified Twitter accounts — and using these profiles to direct victims to crypto giveaway scams featuring pictures of Elon Musk. According to BleepingComputer, the scammers have earned more than $587,000 to date. [Find out more about how this scam works here.]( [Contract Killers ‘Paid in Bitcoin’]( 😐 A top Russian detective has claimed that contract killers are getting paid in [Bitcoin](. Konstantin Komarda told the TASS news agency that their crimes are often meticulously planned. Funds are often channeled through dozens of anonymous wallets and then "carefully washed out among tens of thousands of transactions before reaching the final recipient." [Read more.]( [U.S. Says CBDC is ‘High Priority’]( 🇺🇸 The chairman of the Federal Reserve has said that stablecoins could become "systematically important" overnight. Jerome Powell added that the U.S. is determined to get its central bank digital currency right. In an interview with Yahoo! Finance, he added that America isn’t worried about falling behind other countries because of the dollar’s dominance. [Read more.]( Poll of the Day 📣 Christine Lagarde attacked [Bitcoin]( this week — warning that it is used for "funny business" and "totally reprehensible" money laundering. She went on to call for BTC to be regulated globally. So our question is this... On a scale of 1-5 (5 being definitely,) would global regulation be bad for Bitcoin? [Rate 1-5]( What You Said 🔊 Previously on the CoinMarketCap newsletter, we asked you this… On a scale of 1-5 (5 being definitely,) do you think [Bitcoin]( is going to fall further? Thanks for all your responses — it was a really mixed picture. While 22% of you believe that it definitely won’t dip below $30,000, 26.2% think that it almost certainly will. Given all the uncertainty, it’s unsurprising that 18.4% of you said you just don’t know. One of you wrote: "The support at $30,000 is too strong." 💪 A wise reader warns: "You can’t predict the bottom until you’re there." 💔 Another has been dusting off the history books: "The race of BTC was too fast. There are many similarities to the long-lasting crash which suddenly started in December 2017 and January 2018 with a sharp correction after BTC had shot up." 📉 This newsletter reader isn’t worried: "This is a logical correction." 🤓 Here’s an optimistic take on things: "BTC will always recover and grow towards new heights. It has the most solid, humane and perfectly worked out concept. BTC will prevail, always." 😍 There’s some confidence that weak hands have been shaken out: "All of the panic sellers are gone." 👋 And here’s a quirky strategy to wrap things up: "When your mom asks you to buy her Bitcoin, it’s time for you to sell. When she thanks you for not buying it that time she asked, it’s time for you to buy more." 🧐 Take a quiz! Earn $GRT and $SAND Tokens Learn about one of the most popular DeFi projects The Graph and [Sandbox]( Watch the series, complete quizzes & learn how you earn more with your digital assets.* [Learn More]( (Not available in certain countries, check FAQ for details) Blockchain Term of the Day: Market]( 🔴 A public market in which cryptocurrencies are traded for immediate settlement. It contrasts with a futures market, in which settlement is due at a later date. Thanks for reading! Have an epic weekend! 👋 😍 our newsletter? 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