The roller coaster that is bitcoin (BTC) ended last week above $6,800. On Sunday, the cryptocurrency was down to $6,793.95, but this is still more than 6.4 percent higher than the $6,382.96 recorded on June 30, according to CoinMarketCap.
What prompted the increase this week? Hacked reports it could have been the good news that South Korea said it is loosening restrictions on cryptocurrency trading across the board, and that it was considering allowing domestic initial coin offerings. It could have been Coinbase announcing that its “Coinbase Custody” product was officially live. Or maybe it was just a day that ends in “y”. Read more here.