Bitcoin News Roundup for Jan. 18, 2021


With bitcoin hovering around $36,000 and Iran’s government blaming crypto miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup.

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This episode is sponsored by Nexo.io.

Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.

The investment giant predicts CBDCs will continue gaining steam, although a “launch among Western countries seems unlikely to occur anytime soon.”

Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means.

The machines were said to have been consuming 95 megawatts per hour of electricity at a reduced rate.