With bitcoin hovering around $36,000 and Iran's government blaming crypto miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup.
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This episode is sponsored by Nexo.io.
Today's stories:
Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September
Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.
Central Bank Digital Currencies Not a 'Fad,' MetLife Investment Says
The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon."
Crypto Long & Short: No, Bitcoin Is Not in a Bubble
Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.
Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
The machines were said to have been consuming 95 megawatts per hour of electricity at a reduced rate.
