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 collection of the salient, spellbinding, or just strange news from the past seven days.
Bitcoin Price Breaks Through $5000
It seems like only a week ago that I was writing about bitcoin price 00 breaking through $4000. Because it was only a week ago that I was writing about bitcoin price breaking through $4000.
After closing last week (and month) at a bullish $4100, bitcoin continued to charge through the past seven days. The $5000 mark quickly fell, leading to an abundance of increasingly implausible suggestions to explain the phenomenon.
When $5000 held (and continued to hold), the bullish sentiment started to awaken. Tom Lee suggested a fair value of $14,000 for BTC, and Peter Brandt called the potential start of a new parabolic move.
Crypto News Tidbits
You might be forgiven for thinking the only news that mattered this week was BTC price… but you’d be wrong. The week…