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Video: Roundup of This Week’s Bitcoin News 13th June 2014
This week bitcoin inched its way further into the world of mainstream finance. Check out our top stories here.
By Roop Gill
Updated Sep 11, 2021, 10:53 a.m. Published Jun 13, 2014, 7:30 p.m.
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This week bitcoin continued to inch further into the world of mainstream finance. Check out the top headlines below:
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Google and Yahoo! displaying bitcoin prices: First Yahoo! Finance and then Google Finance started offering bitcoin prices on their websites. Along with price tickers, both organizations are also showing a stream of cryptocurrency news items. A Yahoo spokesperson told CoinDesk that they added bitcoin prices to their site because users had expressed interest in the currency.
Expedia to accept bitcoin for hotel bookings: Expedia became the latest large company to reveal plans for bitcoin acceptance. Expedia said bitcoin will be integrated into payment options for customers at checkout, sitting alongside other payment methods like PayPal and Visa.
US government to sell $18m worth of Silk Road bitcoin: The price of bitcoin took a dip at the end of the week following the news that the US government will be auctioning off 30,000 bitcoin obtained from the Silk Road online black market. The auction is scheduled for 27th June, 2014.
As always, keep an eye on the CoinDesk website over the weekend for any breaking news. Enjoy your weekend, especially if you get a kick out of watching football!
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Bitcoin claws back to $70,000 on cooling inflation after $8.7 billion wipeout
Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
What to know:
- Bitcoin’s price recovered above $70,000 after a drop, driven by cooler-than-expected U.S. inflation data and increased risk appetite.
- Despite the price recovery, the Crypto Fear & Greed Index remains in “extreme fear,” indicating underlying market anxiety.
- $8.7 billion in bitcoin losses were realized in the last week, potentially signaling a capitulation event and a shift of supply to stronger hands.
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