CryptoCorner: Bitcoin Mounts Considerable Recovery, Japanese Representative Urges CBDC, Mining Giant Huobi Reports 2019 Financials – InvestorIdeas.com

Point Roberts, WA and Delta, BC – March 20, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/032020-CryptoMarket.mp3

#CryptoCorner: Bitcoin Mounts Considerable Recovery, Japanese Representative Urges CBDC, Mining Giant Huobi Reports 2019 Financials

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Stocks discussed: (NasdaqGS:FB)

Bitcoin (BTC) has pulled off a considerable recovery over the past few days, growing from around $5,300 on Thursday to a current trading price of $6,600, according to data from CoinMarketCap. This current trading price is a full $2,000 higher than the low Bitcoin saw on Monday, March 16, when it sank to about $4,600. This bullish movement is commonly being attributed to the news of increased liquidity injections from central banks, including the U.S. Federal Reserve, which saw its largest balance sheet increase since the 2008 financial crisis.

Bitcoin’s recovery has raised the tide for much of the rest of the crypto market, perhaps most notably Bitcoin Cash (BCH), which is up 22 percent in the last 24 hours, and Bitcoin SV (BSV), which has grown an impressive 33 percent in the last day.

In an interview with Cointelegraph, Japanese House of Representatives member Kozo Yamamoto said that Japan should adopt a digital yen “as quickly as possible.” Breaking down money into three traditional roles – a medium of exchange, store of value, and unit of account – Yamamoto argued that the first and second of these roles could be taken care of by a company, similar to Facebook’s (NasdaqGS:FB) Libra project. Of the third
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