Expert on bitcoin trading above $40,000 after volatile few weeks
Prochain Capital President David Tawil provides insight into the cryptocurrency market.
Bitcoin has had a positive week so far, trading above $41,000.
The cryptocurrency is up for three consecutive days heading into Thursday.
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It has gained more than 2.8% during that time.
Bitcoin remains down more than 9% for the month and off more than 10% year-to-date.
The U.S. imposed new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia in response to the invasion of Ukraine.
For the first time, penalties were brought against a cryptocurrency mining firm.