Week in review: Bitcoin extends correction, Sberbank plans to issue a stablecoin, and other developments
Bitcoin continued its correction toward $30,000, a biblical message was found in its blockchain, the hacked Livecoin exchange announced its closure, and Sberbank filed an application to issue a stablecoin. These and other week’s events are covered in the Sunday digest. Bitcoin price held above $30,000. The price of the first cryptocurrency continued to fall over the week. On January 21, the price fell below $33,000. On the night of January 22 Bitcoin plummeted to $28,800, but the psychologically important $30,000 level was ultimately held. As of writing, Bitcoin trades at around $32,000, though experts anticipate a further drop.