From Bitcoin Price Stabilization to The End for SV? – Top Stories of the Past Week

From Bitcoin Price Stabilization to The End for SV? – Top Stories of the Past Week

Another Sunday, another Sunday digest. Your one-stop shop to catch up on all theimportant news in the world of Bitcoin and cryptocurrency.

Bitcoin Price Consolidating For Next Big Move

Bitcoin price 00 continues to hold over $5000, entering a new accumulation phase before the next big bull run, according to some. Latest moves have seen yearly all-time highs tested for both BTC and numerous alt-coins.

The general consensus continues to sway towards the bottom of the bear market having passed. The Mayer Multiple (MM) Indicator, which signalled the bottom of the last downturn, is flashing again. Even UBS is calling the market bottom, although it (somewhat disparagingly) suggests it may be 22 years before we see a new ATH.

Binance coin didn’t seem to accept this, and became the first cryptocurrency to bounce back and alreadysurpassed January 2018 highs. We’re fairly certain that BTC will also take this 22 years figure with a pinch of salt.

Latin American Growth

This week saw numerous BTC-related records fall across Latin America. Faced with the threat of either their own fragile economies, or a certain Donald Trump, business was booming for Bitcoin. Mexico and Venezuela posted record BTC volumes traded on LocalBitcoins, the former due to Trump’s threat to target remittances.

Argentina’s runaway inflation problem is seeing more people turning to Bitcoin to preserve their wealth. While Brazilian seems to be headed in a similar direction, perhaps driving 100,000 BTC traded on Brazilian exchanges in just 24 hours.

News of the Trump administration’s latest measures against Cuba could well see another BTC hotspot open up before our eyes.

Bitcoin Payments Acceptance

Several big merchants who were early adopters in accepting cryptocurrency payments moved out of the market due to the volatility of BTC price in recent years. However, in a significant move, the UKs biggest business travel agency announced that it would start accepting payments in bitcoin.

Three countries approached the IMF stating their interest in issuing Bitcoin-backed bonds to raise sovereign capital. And Sweden even changed its official currency to Bitcoin… at least, some hackers did on Sweden’s behalf. But for 30 minutes we got a glimpse of what the future could look like.

Regulation Miscalculation

France called for Europe-wide implementation of its ‘new and innovative legislation‘ for cryptocurrency.Bitcoinist wasn’t sure it had quite hit the mark, and such face-control would likely have hurt the Bitcoin campaign to raise funds for the restoration and repair of Notre Dame cathedral.

Elsewhere, Russia is starting to realize that it had no idea how to regulate cryptocurrency, and Nevada scrapped its plannedregulatory bill.

So Sorry SV

True to its word, Binance officially announced it will delist Bitcoin SV after a week’s grace period for traders.

Other exchanges may well follow suit over the coming weeks following Kraken and Shapeshift who have already pulled the plug.

What was the most important Bitcoin story from the past week? Share your thoughts below!

Images via Shutterstock

The post From Bitcoin Price Stabilization to The End for SV? – Top Stories of the Past Week appeared first on Bitcoinist.com.

21.04.2019 / 02:10 54
Bitcoin Bottom Is In But There’s a Catch, Says UBS Research Analyst Bitcoin Bottom Is In But There’s a
A research analyst at UBS says Bitcoin has bottomed out but may take more than two decades to reach its mid-December 2017 all-time high (ATH) of
Key Bitcoin Indicator That Correctly Called 2015 Bottom is Flashing Again Key Bitcoin Indicator That Correctly
The Mayer Multiple (MM) by Trace Mayer is showing that bitcoin price has already bottomed out signaling the end of the 15-month long bear market.
From Bitcoin Price Pullback to #WeAreAllHodlonaut: Past Week’s Top Stories From Bitcoin Price Pullback to
Bitcoin has had enough eventful week despite BTC price cooling off. Let’s take a look at the most important stories that shaped the past week with
From BTC Price To Musk’s Reign as Dogecoin CEO: Top Stories From The Past Week From BTC Price To Musk’s Reign as
So ends another week in Bitcoin, and what a doozy it’s been. If you’ve spent the past week in a crypto-proof booth, here’s the Sunday Digest; a
From BTC Price to Growing Adoption: Top Bitcoin Stories From the Past Week From BTC Price to Growing Adoption: Top
“Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” – Or youcould just catch up with Bitcoinist’s new
Bitcoin Sets New Low over Weekend, Continues Dropping on Monday Bitcoin Sets New Low over Weekend,
Over the weekend, Bitcoin continued its downwards tailspin due to weak buying volume, and many of the cryptocurrency markets losses have stretched
Comments (0)
Add a comment
Comment on