– Bitcoin Soars Back Above $4100 As ECB Admits “No Power To Regulate Cryptocurrencies”:
Cryptocurrencies are extending their post-China-crackdown gains, with Bitcoin spiking back above $4100 this morning. A number of catalysts have been posited, from chatter of Mike Novogratz new fund to talk of Japan’s shift to virtual currency before the Olympics in 2020. However, most chatter revolves around Mario Draghi’s admission that The ECB is powerless to regulate or prohibit cryptocurrencies.
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