Bitcoin has had enough hectic week despite the cooling of the BTC price. Let's take a look at the most important stories that marked last week with the Sunday Digest.
Bitcoin Price goes back to $ 5K
For the moment, the Bitcoin mini-bull charge seems to be on hold, although support has been found at $ 5,000, which has allowed for some stability. The latest research seems to suggest that bitcoin is indeed at the bottom and that the next peak should be significantly higher.
Interest of institutional investors for Bitcoin Rising
The Grayscale GBTC Investment Trust traded at a premium of 47% over the Bitcoin spot price.
Some suggest that it is a sign of increasing institutional demand. The institutional interest certainly seems to have been one of the drivers of the price rally of the previous week, as the volume of transactions increased for four consecutive months.
Interesting, Bitcoinist also reported that institutional investors had increased their futures positions on Bitcoin's CME by 88 percent as of April 2 compared to the previous week. The date coincides with the last bitcoin price 00 rally when it rose from about $ 4,100 to over $ 5,300 in minutes. At the same time, the number of short films decreased by 63%.
Bitcoin in the mainstream
The constant infiltration of Bitcoin into the general public continued as the Lightning Torch was transmitted earlier this week to former Miss Finland and Miss Universe contestant Rosa-Maria Ryyti.
The arrest of Julian Assange this week caused rejoicing and condemnation of equality. However, it also generated bitcoins donations of nearly $ 30,000 from those wishing to support its legal fund.
Jack Dorsey, CEO of Twitter and Square, revealed that his combined profits of the two companies in 2018 were only 4.15 USD. But it also does not exceed its BTC $ 10,000 purchase limit per Square on a weekly basis.
Elon Musk and SpaceX have again made headlines this week, although they are regularly polled on Google by the term "Bitcoin".
The most involuntary champions of Bitcoin always seem to be Donald Trump and the Federal Reserve. His inconsiderate policies, both at home and abroad, create mistrust of the Fed and unprecedented financial uncertainty.
For example, the proposal to reduce remittance payments by Mexican immigrants will surely push further toward bitcoin.
Craig and Calvin against the world
The Bitcoin community came together to show that it would not defend Craig F Faketoshi 'Wright and Calvin Ayres' controversial quarrels.
In order to sue the creator of Lighting Torch, Hodlonaut, they offered a bonus to anyone who "disinterested" him. This led first to the CEO of Binance threatening to remove from the list Bitcoin SV, then Anthony Pompliano claiming a simultaneous massive delisting by trade on May 1.
Meanwhile, the #weareallhodlonaut legal fund crowdfunding campaign reached its goal in less than a day with nearly $ 30,000 raised.
Have a good Sunday and #weareallhodlonaut!
What stories have been essential this week for Bitcoin? Share your thoughts below!
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