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 Brace for impact? After hitting $42,000, Bitcoin price volatility may rise
Another week, another spate of all-time highs. Bitcoin managed to crack $42,000 on Friday, surging by 9% in just three hours.
A sharp correction soon followed, with prices tumbling by 7% in the following eight hours. This may seem rather tame in percentage terms — but that’s a drop of almost $3,000.
Whales have been selling en masse since the start of 2021 and taking a profit on their positions. They’re currently locked in a battle with new buyers in the U.S. who are aggressively accumulating BTC. Key metrics to observe right now include Bitcoin outflows from Coinbase and stablecoin inflows into