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Bitcoin News Roundup for April 15, 2020

BTC bumps against $7K while cowboys put land records on the blockchain. It's CoinDesk's Markets Daily podcast.

Updated Sep 14, 2021, 8:29 a.m. Published Apr 15, 2020, 4:00 p.m.
MD FEB 27 RELEASE

BTC bumps against $7K while cowboys put land records on the blockchain. It's CoinDesk's Markets Daily podcast.

STORY CONTINUES BELOW
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Today's stories:

Bitcoin Tests $7K as Spot Trading Volumes Subside to Normal Levels

Overstock Subsidiary to Put Wyoming County Land Registry on the Blockchain

MakerDAO Users Sue Stablecoin Issuer Following 'Black Thursday' Losses

Another Bitcoin Mining Firm Warns COVID-19 Pandemic May Harm Its Business

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Bitcoin gets 'base case' price target of $143,000 at Citigroup

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The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.

What to know:

  • Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
  • Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
  • The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.