- Cambridge University study shows middle-class Americans are growing fond of Bitcoin (BTCUSD on xStation5)
- Australian government challenges safety of Bitcoin usage
- Litecoin (LTCUSD) marks its new all-time high amid a benign session seen in other digital currencies
In spite of the fact that most of cryptocurrencies have been quite intact of late, there are fresh signs that the most famous one – Bitcoin – is solidifying its position in the US. Namely, according to a recent report from NBC, middle-class Americans are growing quite fond of Bitcoin and cryptocurrency investment. What’s more the data shows the region is consistently one of the top three countries leading in Bitcoin trade volume. According to a recent study from the Cambridge University Business School’s Centre for Alternative Finance, the US is the fourth leading country utilizing Bitcoin for payments and as a form of cross-border money transmission.
Obviously that story could be Bitcoin-conducive, the price has yet to respond though. On the other hand, there’s been a much less favorable report coming from Australia. According to Australian Criminal Intelligence Commission (ACIC) Bitcoin and other virtual currencies are a culprit of increased organized crime. The report clarified the government’s position in the case as it said that “virtual currencies, such as Bitcoin, are increasingly being used by serious and organized crime groups as they are a form of currency that can be sold anonymously online, without reliance on a central bank or financial institution to facilitate transactions”.
Meanwhile, the Bitcoin price is slowly approaching a more noticeable resistance at $4750. Keep in mind that the virtual currency could run into some sellers lurking in the vicinity of the next definite target. Source: xStation5
While Bitcoin has remained quite calm of late, its peer Litecoin has gained momentum. After drawing a massive bullish gap at the opening this week, the price has barely retraced those gains. In short, after a brief corrective pullback the price has resumed its rally marking a new all-time peak.