Janet Yellen, former chairwoman of the US Federal Reserve, fears that bitcoin investors could suffer heavy lossesBitcoin moved higher yesterday, recouping several days of losses as Wall Street analysts hailed a “tipping point” for the world’s largest cryptocurrency. While signs of a shift from the fringes of global finance into the mainstream had lifted it to a new high of $57,529.76 in February, its rally unravelled as the month drew to a close. SponsoredIt swung higher yesterday, however, regaining 7.8 per cent to $49,194.80 after Citibank told clients that the world could be at the start of a “massive transformation” as it considered the future of cryptocurrencies. Analysts at the bank outlined a critical juncture for bitcoin, telling clients it could either be at the heart of a seismic monetary change or find itself confined to the sidelines. “Developments in

Source: The Times March 02, 2021 00:22 UTC