Another Sunday, another Sunday digest. Your one-stop shop to catch up on all the important 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 already surpassed 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…