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Here's what happened this week in Bitcoin in 99 seconds.
An important week occurred in the coffers of the crypted market, with Bitcoin Cash ABC that fell to 7th place and the Bitcoin Cash SV fell to 9th place. The first 6 coins are now Bitcoin, XRP, Ethereum, Stellar and the stablecoin with US dollar pegging, Tether, followed by EOS.
Tom Lee, co-founder of FundStrat, said his model puts the fair value of Bitcoin at $ 14,000. Weiss Ratings, the international rating agency, said that Bitcoin's current price level represents the best buying opportunity of the year.
The mining encryption giant, Bitmain, will close its research and development center in Israel. Bitmain appears to be under pressure due to the market decline, particularly in the price of BCH, of which the company has recently revealed that it holds over 1 million units.
The British cryptic exchange, Cubits, unexpectedly announced that it was bankrupt and closed for business. The exchange is holding back user deposits, although the size of such holdings is unknown.
The electronic giant Samsung has announced that its next Galaxy S10 incorporates cold and hot cryptocurrency portfolios. It is expected that Bitcoin, Ethereum and its tokens and BCH will be supported at launch.
Finally, the Cambridge Center for Alternative Finance in the United Kingdom stated that the number of registered encryption users doubled during 2018, according to their study. They claim that there are now 35 million verified cryptographic users.
This is what happened this week in Bitcoin. I'll see you next week.
