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Bitcoin News Roundup for Feb. 27, 2020
With the price of bitcoin falling sharply, Markets Daily is back with another time-saving news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Feb 27, 2020, 5:00 p.m.
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Today's news:
Bitcoin Sees Corrective Price Bounce After Hitting One-Month Lows
Iranian General Advocates Crypto Use for Skirting Sanctions: Report
SEC Rejects Latest Bitcoin ETF Bid
Ukraine Justice System Employee Caught Mining Crypto at Work
First Amendment doesn’t apply on YouTube; judges reject PragerU lawsuit
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Tom Lee says stop timing the bottom and start buying the dip
Thomas Lee, speaking on stage at Hong Kong Consensus 2026, said investors should be looking at opportunities as crypto is in the midst of a "mini winter."
What to know:
- Fundstrat's Thomas Lee urged investors to view the sell-off as a buying opportunity, arguing that gold has likely peaked for the year and that bitcoin and ether are poised to outperform
- Lee sees ether possibly needing a brief dip below $1,800 before a sustained recovery.
- Bitcoin fell back below $67,000 on Wednesday, extending a pullback from last week's rebound and marking a roughly 50 percent drawdown from its October record highs.
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