RATE Group | Sunday Digest: Bitcoin Price And Other Crypto News
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Sunday Digest: Bitcoin Price And Other Crypto News

Sunday Digest: Bitcoin Price And Other Crypto News

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China announced that it was introducing facial scans for mobile phone users in an attempt to further monitor its citizens to ensure real identities are used online. We asked if the proposed Crypto Yuan will also be a tool for mass surveillance.


Bitcoin Price

Well in terms of bitcoin price that week could have gone a lot worse. Although of course, it could also have gone a lot better.

The week opened at around $7200 and continued its downward trend from the end of the week before. Prices dipped to as low as $6600, prompting some to forecast further losses. Bitcoin had other ideas though and bounced straight back up to the $7.2k level.

Meanwhile, the Bitcoin protocol received an upgrade, which was proclaimed ‘nuclear war proof‘.

Prices then started to pump midweek, heading up to $7.5k before eventually topping out at around $7800.

As the weekend came through, gains started to trickle away, down to around $7.3k. However, one analyst thinks that we will soon be trading back at the…

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