The BTC/USD pair remained in a consolidation phase on Monday as demand and volatility slipped. Bitcoin was trading at $29,000, where it has been at in the past few weeks. It remains much lower than the year-to-date high of 31,886. Bitcoin consolidation continues Bitcoin has reacted mildly to several important events that have happened in the past few months. Last week, the coin ignored the unprecedented credit rating downgrade of the United States by Fitch, one of the big three rating agencies. In its statement, the company cited the dysfunction in Washington and the soaring budget deficits. The rate downgrade from ... (full story)