Sunday Digest: Bitcoin Price and Other Crypto News

Tesla launched its pick-up truck with a bang this week, and then a crash, as its windows were smashed in a demonstration to show that they were unbreakable. Tesla has still received 150,000 pre-orders, despite the gaffe, although the company does not currently accept direct payment in Bitcoin.

Bitcoin Price

Well, there hasn’t been a lot to cheer about when it comes to bitcoin price this week. Gains made in the last month were steadily trickling away, until Thursday, when they started to gush.

Price fell below $8k for the first time this month, forcing out smaller miners which lead to a further dump.

The crash continued into Friday, and pretty soon we were diving headlong towards $7k. That level was broken through, although fortunately some support was found there and prices recovered to rise back above $7k, where they have since stayed.

Still, if the upside potential was greater than down at $8k, then it stands to reason that it is even greater at $7k. Although one analyst…