500,000 BTC Payout, Sudden Slump: Hodler's Digest, Aug. 26-Sept. 1

Top Stories This WeekSudden slump sees Bitcoin lose support for five figuresAfter managing to maintain support above $10,000, Bitcoin finally succumbed to bearish pressure this week - shedding $500 in a matter of minutes on Wednesday to stabilize at about $9,500.

Analysts have warned that monthly charts are also looking "Ugly," but optimists claim conditions in the Bitcoin market at present are not too dissimilar to the middle of 2016, when momentum was about to start taking the world's biggest cryptocurrency to its record high of $20,000.

Nigel Green, the CEO and founder of financial consultancy firm deVere Group, said he believed $10,000 was the new normal bottom price for Bitcoin - a support level that was wiped out a day later.

In an interview after the bombshell ruling, Wright suggested that the payout - worth approximately $5 billion - could inspire fresh volatility in the market, as the Kleimans may have to offload a substantial amount of BTC in order to pay federal estate tax at a rate of 40%. With many of Wright's supporters falling silent, Bitcoin SV proponent Calvin Ayre seemed to be a lone voice speaking out in his favor - and even then, Ayre erroneously claimed that a court had declared that Wright invented Bitcoin.

Bitcoin returns have dwarfed every tech IPO since 2010, new data shows338,433,233% is an astronomical number.

According to a new analysis of Crypto Godfather, that's how Bitcoin has performed since 2010 - comfortably outstripping the returns offered by mainstream investments in internet firms.

"Bitcoin has again failed the safe haven test. On Friday, as escalating trade tensions sent global stock markets plunging, investors sought refuge in monetary safe havens. The Japanese yen, Swiss franc, and especially gold all moved higher. Yet Bitcoin plunged by more than stocks!".

There is now a 93% chance that this milestone will not be reached - nonetheless, October is being billed as "The most interesting month" for Bitcoin because of how the U.S. Securities and Exchange Commission is set to approve two Bitcoin exchange-traded funds - a review that could deliver a "Watershed moment." Not all forecasts are pessimistic, and according to LedgerX's Oracle, there is a 31% chance of BTC/USD hitting $15,000 by Dec. 28.FUD of the WeekFrench police shut down 850,000 computer botnet used for cryptojackingPolice in France have shut down a massive botnet that was used for Monero cryptojacking.

Is Bitcoin protected as speech under the First Amendment? Experts answer.

A long-held concept in the crypto world states that Bitcoin is code and code is speech - with speech protected under the First Amendment.