Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
A calmer week for Bitcoin — but price may not return to $10,000 soon
Bitcoin remained largely steady in the mid-$6,000s for most of this week but failed to punch through levels above $6,900. Analysts, such as Cointelegraph’s Michaël van de Poppe, have warned BTC isn’t in any bullish market right now, even as global stock markets show signs of a slight recovery. According to Glassnode, Bitcoin holders appear to be withdrawing their funds — with exchange balances at their lowest level in about eight months. On Wednesday, a “death cross” emerged that suggests BTC will struggle to return to five figures before May. Even though BTC might end up trading sideways between $6,000 and $8,000 for some time yet, a poll of “VIP” Kraken users suggests most traders think the world’s biggest cryptocurrency will hit all-time highs before 2021. The survey found that the average BTC price target for this year is $22,866.
Vitalik Buterin proposes solution to “embarrassing” lack of Bitcoin–Ethereum bridge
World Health Organization launches blockchain platform to fight COVID-19
Battle for the digital dollar in America’s coronavirus stimulus bill
Canada’s tax authority demands personal data on 115,000 QuadrigaCX users
As Trump talks trillions, Binance CEO predicts $2 trillion Bitcoin market cap
Suspicions grow during BitBay’s 18-hour outage
Billionaire demands Facebook (NASDAQ:FB) reveal who placed scam Bitcoin ads about him
California governor namedrops Bitcoin in speech about “extraordinarily bad people”
Big tech in blockchain: Comparing IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL) and more
Global crypto community comes out in full force against coronavirus
No tax for you: Why crypto traders and miners might head to Portugal
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