Bitcoin News Roundup For Jan. 19, 2021 Online

: Yellen stated that many cryptocurrencies are used "mainly for illicit financing" and suggested that the government needs to examine ways to "curtail their use" to ensure anti-money laundering compliance.

: Her comments were perceived as a "one-two punch" along with previous regulatory proposals (like the unhosted wallet rule), leading to increased caution among retail and institutional investors. Market Dynamics & Institutional Trends Bitcoin News Roundup for Jan. 19, 2021

: A Bank of America survey released on this day indicated that "Long Bitcoin" had overtaken "Long Tech" as the most crowded trade in the world for the first time. : Yellen stated that many cryptocurrencies are used

: JPMorgan analysts warned that Bitcoin needed to break back above the $40,000 level to prevent an exodus of momentum-driven traders and avoid a bearish trend. Bitcoin News Roundup for Jan. 19, 2021