Coming every Saturday, 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.
Top Stories This Week
Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high
Bitcoin is showing signs of a newfound rally after breaking the $40,000 resistance area, fueling hope that we might be about to see a new all-time high.
It’ll be critical for Bitcoin to stay above this level in the foreseeable future. The uptick came days after MicroStrategy pitched Bitcoin to more than 1,400 companies.
Cointelegraph Markets analyst Michaël van de Poppe says BTC’s strength means its market dominance is rebounding at the expense of most altcoins.
He added: “An apparent breakout above the all-time high above $42,000 however, should propel Bitcoin’s price to $50,000.”
This is the first time that…