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Bitcoin had another frantic week, with the BTC price making a solid recovery at $ 8,000. Let's take a look at the best articles of the past week.
Bitcoin Awards Back to $ 8K
Thus, the Netherlands arrived at the top of the Eurovision, while Madonna would, in all respects, managed to get a little bit of autotune. But who were the winners and losers in the world of cryptocurrency this week?
BTC price 00 started the week as it ended last week. Not content to take $ 6,000 and $ 7,000, it went directly to $ 8,000. If we could maintain the momentum, it was about $ 9,500 … However, after all the efforts he had made, Price decided to take a break.
He seemed happy enough to gravitate around the $ 8,000 mark, even reaching an annual high of $ 8,300 on Tuesday.
The positive sentiment even seemed to spread to the leaders, with Ethereum, BNB and Litecoin, all reaching annual highs.
Then, while everyone was starting to be comfortable and waiting for the next push … There was a huge dump until $ 6,100. Although it was blamed on big fingers, bot problems or those whales, he was quick to stay on the ground and regained about $ 7,300.
In fact, a former trader (and it seems he will always be named as such), Peter Brandt, hinted that the sharp correction would lead to a new parabolic advance. At the end of the week, we expect to return to $ 8,000.
It is not surprising that Google searches for 'Bitcoin' are more popular than for 'Donald Trump'.
Bitcoin in the mainstream
A number of major retailers have announced that they will accept payments in Bitcoin and other encrypted currencies via the Flexa app.
Whole Foods, Barnes and Noble, Gamestop, Bath Bed and Beyond and many others will start taking Bitcoins, Bitcoins Cash, Ethereum and Gemini Dollars. And yes, this inclusion of Gemini dollars means that the Winklevii are involved.
Carefully placed reservations at Consensus have suggested that eBay could also soon accept cryptocurrency payments. I mean, what conclusion would you draw from the message, "Virtual Currency. This is happening on eBay. "
Bakkt has made the decision to self-certify its physically supported Bitcoin-futures product, which means that unless the CFTC disapproves of it, it will get the green light next week. However, he still has to have his guard approved. We will wait to see if the tests begin in July as expected.
There was even a rumor (prompted by a coincidental scheduling of speeches) that the VanEck Bitcoin-ETF could be approved on Tuesday, though it may be considered wishful thinking.
Bitfinex raises $ 1 billion without a hitch
Exchange, Bitfinex, seemed determined to put his misfortunes above the Tether scandal. First, he announced he had raised a billion dollars at a private token sale, and then he was ready to hand out the UNUS SED LEO chips, strangely nicknamed.
And the promised revelation of Satoshi Nakamoto has proven to be nothing more than a marketing campaign for an information portal. This is not a good start if your first news is just clickbait.
Perhaps even more interesting was the theory that Satoshi was a recognized drug dealer and an American informant, who had invented Bitcoin only for the purpose of money laundering.
At this point, is it even important?
What was the most important story of Bitcoin last week? Share your thoughts below!
Images via Shutterstock, Tradingview.com
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