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Fundstrat’s Tom Lee Insists That Minor Bitcoin Price Drops Shouldn't Bother You

  • Alex Dovbnya
    📰 News

    The analyst suggests his reason why Bitcoin’s most recent rally suddenly hit a snag 


Fundstrat’s Tom Lee Insists That Minor Bitcoin Price Drops Shouldn't Bother You
Contents

Tom Lee, the founder of Fundstrat, is clearly not concerned by Bitcoin’s recent downturn. In his latest tweet, Lee claims that the “painful” $2,000 is invisible on the weekly timeframe.

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This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

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Libra haunts Bitcoin

As reported by U.Today, the top cryptocurrency dropped by more than 10 percent on June 10 after surpassing the $13,000 for the second time this year. The unexpected rally didn’t have any legs, and Bitcoin failed to match the current yearly high of $13,866.

Lee suggests that Federal Reserve Chairman Jerome Powell is the one to blame for Bitcoin’s bad day. According to Powell, Facebook’s Libra, which supposedly fueled the crypto rally in July, raises “serious concerns” when it comes to its customers’ privacy and money laundering.

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Bitcoin Price Analysis in 202025: How Much Might Bitcoin be Worth?

Bitcoin Price Analysis in 202025: How Much Might Bitcoin be Worth?

A firework mishap

At the time of writing, the BTC price is at $11,684.44, already showing some vague signs of recovery. However, even if the coin’s price does manage to rally again, trader Josh Rager still sees it as a shorting opportunity given that the currency buying volume is too small.

Lee claimed that the BTC price above $10,000 would unlock the highest level of FOMO. Earlier this week, he hit the nail on the head with his prediction by saying that we would see “fireworks for BTC” this week. As we are moving closer to the end of this week, Bitcoin as volatile as ever.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

  • Yuri Molchan
    📰 News

    Crypto freak John McAfee says CIA has made an attempt to collect him in Cuba, posts a photo holding a machine gun


John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

In the previous episode of the ‘McAfee runaway saga’ U.Today reported that the crypto baron and one of the current US presidential candidates, John McAfee, send a word that he would be going dark on Twitter and promising to share details later on.

The message was posted on his account by McAfee’s team campaign manager with a long beard and just as long Spanish name Rob Benedicto Pacifico Juan Maria Loggia-Ramirez (probably, McAfee calls him ‘Don Juan’ for short, in commemoration of the Carlos Castaneda’s mysterious teacher).

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Villains strike, stakes rise

On Friday, July 19, the story had a continuation, since the first tweet made my McAfee himself appeared after the one promising that he would ‘go dark’.

The presidential candidate McAfee has reported that the CIA has attempted to lay their hands on him and his wife and prevented them from relaxed cigar smoking in Cuba.

The photo he posted shows McAfee and his wife Janice holding weapons, which apparently they used to scare the CIA agents off their expensive cognac and Cuban cigars.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

 

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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