In brief: Bitcoin managed to brush off news of a shrinking US economy. Bitcoin has firmly regained the $11k price level. A previous Bloomberg report had concluded that active BTC addresses point to $12k. Using Metcalfe’s Law, 2020 might be the last time Bitcoin trades below $10k. On the last day of July, Bitcoin has shrugged off yesterday’s alarming news of the US economy contracting by 32.9% in the second quarter of 2020. The lack of growth of the US […]