Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
Bitcoin (BTC) starts a new week still looking for $11,000 support as macro markets wobble over coronavirus and banks’ criminal activities.
Cointelegraph highlights five factors that could shape BTC price action in the coming days.
Banks face money laundering deluge
While central banks grappled with dramatic shifts in United States economy policy, fresh leaked files showed yet more evidence of largescale money laundering.
A huge trove of documents from the Financial Crimes Enforcement Network (FinCEN), dubbed the FinCEN Files, found its way to investigative journalists throughout the world this month, and the focus was clear: illegal activities gone unnoticed.
One example involves HSBC, which continued allowing funds to move through its accounts despite being notified of their criminal origins.