Bitcoin Ranging Again And US Congress Invests In Dogecoin

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Last Updated on 10 July 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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Bitcoin stays in its by now boring range between $30k and $35k, where some analysts now foresee it trading until the end of the summer. If it does, it is yet another sign that institutional investors have taken over a large share of the power of the world’s biggest cryptocurrency and that they’ve decided the Bitcoin price is not to be touched until Europe and the US returns from holiday.

Several large-cap stocks regularly get the same treatment. As technical analyst Scott Melker declared:

Bitcoin is Mainstream.

Meanwhile a South Korean university professor has found a way to earn crypto by going to the toilet and several US politicians have declared in their tax returns some hefty digital currency investments, both in Ether, Cardano and Doge.

Advertentie.

South Korean toilet crypto

Professor Cho Jae-weon of the Ulsan National Institute of Science and Technology in Seoul, is now the proud designer of an eco-friendly toilet that uses excrement to produce biogas and manure which can be used for heating.

With this energy being sold, a computer in return mines for cryptocurrencies with the profits. The professor has installed it so that every person using the eco-friendly toilet earns 10 Ggool (a local crypto) a day. Ggool means honey in Korean. Progress is clearly coming although it’s not an area we expected it to come in.

US Congress invests in Doge

Wyoming Senator Cynthia Lummis, a known Bitcoin HODLer, is clearly gaining influence with her Republican colleagues. According to a document showing investments made by members of the US Congress, Alabama Republican Representative Felix Barry Moore also made several crypto purchases during the months of May and June.

The politician is said to have started his crypto shopping with Ether on May 5, then made a series of Cardano purchases on May 10, 11 and 13 and finished it all off by buying Doge on June 13. The more the merrier we’s say.

nevarpp / Depositphotos.com