Bitcoin News Roundup for Jan. 18, 2021

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With Bitcoin around $ 36,000 and the Iranian government blaming crypto miners for the recent power outages, CoinDesk’s Market’s Daily is back with the latest news.

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This episode is sponsored by Nexo.io.

Prices fell 6% in the seven days ending January 17, a weekly decline that hadn’t been seen since the first week of September.

The investment giant predicts that CBDCs will continue to gain momentum, although “a launch among Western countries is unlikely in the near future”.

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

The machines are said to have consumed 95 megawatts of electricity per hour at a reduced price.