BitDigest May 13 · Issue #657

• Bitcoin remains positive in followup to Halving
• The Bank of England says it will not allow technology to dictate the design of a CBDC design, but adhere to its prevailing design and principles
• Telegram announced it is ending development on the TON Network

Technical Roundup Analysis

Bitcoin tested but was unable to break the past $9,600 resistance suggesting further retracement could occur at the $7,860 – $8,050 level. Technical Roundup is neutral on bitcoin at the current moment.

Importance of Grayscale

Yesterday Grayscale Investments added 2000 bitcoin to its holdings. As Cosima Capital reports, Grayscale’s ongoing purchases is a “very important piece of bitcoin’s price. BTC’s daily inflation was just cut in half from 1800 to 900 BTC per day and GBTC bought 2000 BTC today – thats like buying 2 days worth of new coins effectively making bitcoins inflation rate 0!”

The Headlines

Market Data

Exchange, Custody and Product News