Bitcoin Back at $8K to Whole Foods Accepting BTC – Weeks Top Stories
Bitcoin had another wild week with BTC price making a strong recovery back to $8K. Lets take a look at the past weeks top stories.
Bitcoin Price Back At $8K
So The Netherlands came out top in Eurovision, while Madonna could, by all accounts, have done with a bit of autotune. But who were the winners and losers in the world of cryptocurrency this week?
BTC price 00 started the week as it finished last week. Not content with taking $6000 and $7000, it pushed straight through to $8000. If momentum could be maintained, there was talk of $9500… however, after all the hard work it had done, price decided to take a breather.
It seemed quite happy to gravitate around the $8000 mark, even taking a yearly high of $8300 on Tuesday.
Then just as everyone was getting comfortable, and waiting for the next push… There was a huge dump down to $6100. While variously blamed on fat fingers, bot glitch, or those damned whales, it didnt stay down for long before re-settling at around $7300.
In fact, veteran trader (and it seems that he will forevermore be referred to as such), Peter Brandt, suggested that the strong correction would spawn a new parabolic advance. Certainly, as the week closes, we look to be heading back towards $8000.
No wonder that Google searches for Bitcoin are now more popular than for Donald Trump.
Bitcoin In The Mainstream
A number of big-name retailers announced that they would be accepting payments in Bitcoin and other cryptocurrencies, through the Flexa app.
Whole Foods, Barnes and Noble, Gamestop, Bed Bath and Beyond, and many more will start taking Bitcoin, Bitcoin Cash, Ethereum, and Gemini Dollars. And yes, that inclusion of Gemini Dollars does mean that the Winklevii are involved.
Some carefully placed hoardings at Consensus suggested that eBay may also soon be accepting cryptocurrency payments. I mean, what conclusion would you draw from the message, Virtual currency. Its happening on eBay.
Bakkt took the decision to self-certify its physically backed Bitcoin-futures product, meaning unless the CFTC disapproves, ...Read full story on Bitcoinist.com