Crypto Tidbits Bitcoin Taps $10,000, President Xi Endorses Blockchain,

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Another week, another round of Crypto Tidbits. What a week for Bitcoin (BTC). Over the past seven days, the cryptocurrency market has incurred massive volatility as Bitcoin has found itself at a crossroads between a resumed macro uptrend and a redux of 2018’s “Crypto Winter.” For now, it seems as though the market is choosing the latter option. After plunging from $8,000 to $7,300 earlier this week, the leading cryptocurrency shot higher by some $3,000 in a 24-hour period on Friday and Saturday, tapping $10,500 in the process. This marked Bitcoin’s fourth-largest daily move. Ever. Regardless of the volatility, the industry continued to chug along, so to speak. China’s President, Xi Jinping, announced that he endorses the adoption of blockchain in the most populus nation in the world; Bitmain revealed the “world’s largest” Bitcoin mining facility in Texas; and Mark Zuckerberg of Facebook fame appeared on Capitol Hill to talk Libra amongst other topics.

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Crypto Tidbits Bitcoin Taps $10,000, President Xi Endorses Blockchain,: