BNY Mellon launches crypto services, and PayPal says policy to punish users for misinformation was ‘in error'. Keep track of what else happened this week on our Hodler’s Digest.
For most of the week, Bitcoin traded sideways, slightly favoring the downside, according to Cointelegraph’s BTC price index. The asset sustained a fair bit of price volatility on Oct. 13, however, in line with the release of September’s U.S. inflation data. Bitcoin’s price dropped down near $18,200 following the news but subsequently rebounded above $19,000.
In an Oct. 13 post, pseudonymous Twitter user il Capo of Crypto tweeted about the possibility of Bitcoin’s drop being a bear trap, noting a potential subsequent rally to $21,000, followed by a stark drop.Crypto exchange Bittrex faces charges from two different United States regulators: the Department of the Treasury’s Office of Foreign Assets Control and the Financial Crimes Enforcement Network .
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