• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Terra Founder Do Kwon's Extradition To The US Approved
sunday bitcoin digest

Sunday Digest: Bitcoin Price, BSV Pump and Dump, and Other News

Emilio Janus by Emilio Janus
4 years ago
in Bitcoin, Bitcoin Price, News, News teaser
0

Today is the day when Orthodox Christians submerge themselves in icy water to mark Epiphany, celebrating the baptism of Jesus in the River Jordan.

Personally I prefer to celebrate my Bitcoin epiphany with a couple of icy beers, but you know, each to their own.


Bitcoin Price: On The Up

If last week, bitcoin price was all about $8k, then this week was all about $9k. Or to be more specific, would we get there?

Certainly, at the start of the week, the sentiment seemed to have turned bullish. $8k holding throughout the weekend raised hopes of a repeat of last year’s rally.

After a quiet Monday, the price started to pump on Tuesday, perhaps due to a mass liquidation of short positions on BitMex. From $8.1k bitcoin shot up, pausing briefly at resistance around $8.6k before finally topping out at around $8.8k.

And there it stayed for the rest of the week, trading in a range from $8.6k to tantalizingly close to $9k. It was looking as though $9k would have to wait, but then a spurt this morning saw $9k fall, and eyes move on to the psychologically significant $10k level.

The three competing theories on future bitcoin price models all point in the same direction, albeit at different rates. And a conservative analysis of the level of the next all-time high (ATH) came in at around $75k – $85k.

This means that, as usual, anything can happen. Let’s see if we can make it through January and keep hold of the month’s gains so far, for starters.

Bitcoin SV Flips Then Dips

Bitcoin SV had a notable week to compound its already impressive January gains. Craig Wright and Calvin Ayre have been promising “something big” for the coin for the past few months.

Still no word on what that might be, although the price has pumped on the anticipation, with BSV flippening Binance Coin (BNB) early in the week. This brought great joy to SV supporters as Binance CEO, CZ, led the delisting of SV when Craig Wright got out his lawsuit hammer, last spring.

But BSV wasn’t done there. Price doubled overnight, to see the token flippen its arch-rival, Bitcoin Cash (BCH). Of course, what goes up and all that.

Crypto Twitter was circling SV like a vulture, waiting for the epic crash it sensed coming. It didn’t have to wait long. SV started dumping hard, with the previous pump labeled wash trading, something which is actually easier when delisted from major exchanges.

Something about Russia and Crypto Legislations…

On Tuesday we published an article suggesting that there may finally be some movement on Russia’s long-debated crypto-legislation. It wasn’t the first time that officials have made such claims.

However, it was the first time that such claims were followed two days later by news that the entire Russian government had resigned.

So would the new Prime Minister be likely to expedite crypto legislation? At this stage, it’s impossible to be sure.

News In Brief

China’s Central Bank Digital Currency (CBDC) may not be the done deal we have been led to believe. Whilst it is supposedly now ready for limited geographical testing, an ex-governor of the Peoples Bank of China has suggested that current blockchain technology is not efficient or scalable enough.

Meanwhile, it was announced that the Reserve Bank of Australia is trialing its own simulated CBDC in a wholesale payment system.

According to reports, Ripple spent around $170,000 lobbying US lawmakers in 2019 in an attempt to influence crypto regulation. But if you think that’s a lot, it spent a massive $450,000 in 2018, with a similar lack of solid results.

And Finally…

According to a survey, over a third of small and medium-sized enterprises (SMEs) in the US now accept payment for goods and services in cryptocurrency.

It must be to cater for all the actual Nazis who are using bitcoin, according to certain US government officials.

What was your favorite bitcoin and crypto news story of the week? Let us know in the comments below! 


Image via Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Emilio Janus

Emilio Janus

Related Posts

Dogecoin

Dogecoin Influencer Issues Alert On Scam Tokens Targeting The Community

2 hours ago
Shiba Inu

Shiba Inu Lead Dev Confirms Over $1.2 Million Worth Of SHIB To Be Burned – Details

3 hours ago
AI

Europe Unveils World’s First AI Regulations – How This Intersects With The Crypto Industry

8 hours ago
DOGE

DOGE Founder Calls Out Senator Warren For Anti-Crypto Stance, Elon Musk Agrees

1 day ago
Bitcoin ‘Targeting $50,000’ In The Next Few Days, These Analysts Say

Bitcoin ‘Targeting $50,000’ In The Next Few Days, These Analysts Say

1 day ago
Bitcoin ETF

Bitcoin ETF: Catalyst Or Controversy In The Crypto Universe?

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • Three Altcoins to Hold this December? The Sandbox, Gala...

    24 seconds ago
  • Shiba Inu burn rate increases, Dogecoin rises while...

    1 hour ago
  • If You Missed THORChain and Terra Classic, Here’s the...

    2 hours ago
  • 5 Must-Have Coins That Cover Crypto’s Market, from...

    8 hours ago
  • Solana (SOL) Pump Missed? Experts Indicate Retik Finance...

    11 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.