After peaking at $12,000 earlier this month, Bitcoin is once again hovering over the $10,000 level making everybody nervous. BTC/USD is currently trading at $10,290 on Bitstamp with relatively low volume. Overall the market is looking healthy which comes to no surprise since Bitcoin seems to love the current range.

Bitcoin News

When it comes to Bitcoin news, there is a recent report from Coindesk about a 25 year old seller who is facing life in prison for exchanging $25 million between cash and crypto. The government has been cracking down on unlicensed bitcoin dealers for quite some time now, and this case isn’t the first. What makes this case unique is the sheer volume that the trader exchanged. This is definitely a big win for the government as they’ve already seized over $1.4 million in cash and cryptocurrency from the seller.

For some more drama in Bitcoin world, Cointelegraph reported that Craig Wright will have to forfeit 50% of Bitcoin because according to the presiding judge on the case, Wright perjured himself by…

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Source: https://themerkle.com/bitcoin-news-and-price-analysis-and-prediction-for-august-27th-btc-will-test-new-support/