The primary news for Bitcoin on January 19, 2021, centered on following comments from U.S. Treasury Secretary nominee Janet Yellen . While Bitcoin's price held steady around $36,000 , her testimony to the Senate Finance Committee triggered concerns about a potential crackdown on digital assets. Janet Yellen’s Testimony & Illicit Activity Concerns
: Her comments were perceived as a "one-two punch" along with previous regulatory proposals (like the unhosted wallet rule), leading to increased caution among retail and institutional investors. Market Dynamics & Institutional Trends
: JPMorgan analysts warned that Bitcoin needed to break back above the $40,000 level to prevent an exodus of momentum-driven traders and avoid a bearish trend. Bitcoin News Roundup for Jan. 19, 2021
: Yellen stated that many cryptocurrencies are used "mainly for illicit financing" and suggested that the government needs to examine ways to "curtail their use" to ensure anti-money laundering compliance.
: While Bitcoin consolidated, Ether (ETH) hit a new all-time high on major exchanges, breaking its previous record set in 2018. Bitcoin Price Snapshot (Jan. 19, 2021) 1 BTC equals RUB 2,647,061.67 As of Apr 29, 01:57 GMT+3 • Disclaimer Jan 23, 2021 Value (Jan 19, 2021) Open $36,642.23 High $37,755.89 Low $36,069.81 Close $36,069.81 Market Cap ~$671 Billion The primary news for Bitcoin on January 19,
During her confirmation hearing, Janet Yellen highlighted the use of cryptocurrencies in .
AI responses may include mistakes. For financial advice, consult a professional. Learn more Bitcoin News Roundup for Jan. 19, 2021 - CoinDesk Janet Yellen’s Testimony & Illicit Activity Concerns :
: A Bank of America survey released on this day indicated that "Long Bitcoin" had overtaken "Long Tech" as the most crowded trade in the world for the first time.