Many younger investors who have enjoyed a whopping windfall on Bitcoin have been trying to channel their new-found fortune into UK property having converted their profits to Sterling. However, mortgage lender and brokers have been turning would-be investors away for fear of breaching ant-money laundering regulations (Bitcoin).
Bitcoin has broken the $6,700 mark after a few days of hovering above the $6,500 mark. This price level is particularly significant given that it was the first drop level after the 10% dip in mid-June 2018. Many analysts had identified $6,700 and $6,900 as crucial resistance points in the march towards $7,000 (Bitcoin).