The tax case against MicroStrategy Executive Chairman Michael Saylor raises a number of significant issues. political and otherwise; bitcoin dips below $20K and rebounds for a sixth, consecutive day. TheSamReynolds and JPRubin23 report
Ten-year Treasury yield daily close: 3.26%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin's tango with $20,000 continued on Thursday.
BTC was recently trading at about $20,100, roughly flat over the past 24 hours and near the middle of the tight range it's occupied for a week. Bitcoin plunged late last week amid mounting fears over continuing U.S. central bank monetary hawkishness and macroeconomic uncertainty. "I think we're definitely in a market purgatory for some time until some big things start to happen around the regulatory front," Greg Johnson, co-founder and CEO of Rubicon Crypto, told CoinDesk TV's First Mover program. He added:"I'm paying attention of course, like everybody else in the industry to what happens in September."
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