Bitcoin Bounces, US Bond Yields Turn Negative – March 20

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $6,877

Bitcoin price has bounced back strongly over the last 24 hours, gaining over 24%.

Top-20 altcoins have also rallied powerfully, as Ethereum gains 24%, XRP 16%, and Bitcoin SV pumps a whopping 42%.

Top Stories for March 20, 2020 πŸ”₯

πŸ‘‰ Bitcoin Bounces, US Bond Yields Turn Negative

Bitcoin price has bounced back strongly from its recent plunge, in a recovery which correlates very strongly to drops in US 3-month and 6-month treasury bond yields.

Yields on the bonds have plunged into the negatives, as the outlook for bonds – formerly very reliable stores of value – turns very bleak for the near future.

πŸ‘‰ Steem Community Relaunches Under New Name to Exile Justin Sun

The Steem community has announced a move to relaunch the entire network under the new name of Hive – a fork of the Steem blockchain.

The Hive fork has been designed to preserve decentralization and remove the ninja-mined Steemit stake of coins, which was believed to be being mis-used by TRON founder Justin Sun.

Binance has announced that it will support the Hive airdrop.

πŸ‘‰ Former Bakkt CEO Accused of Insider Trading After Coronavirus Hearing

Kelly Loeffler, former CEO of Bakkt and Junior US Senator, dumped millions of dollars worth of stock holdings shortly after a closed-door congressional briefing on the coronavirus.

Loeffler emerged to be just one of several insiders who also sold stock holdings following the meeting, just a matter of weeks before equity markets tumbled amidst the virus panic.