GLCBitcoin published an article today about the Bitcoin community, and the new found maturity in how the market reacts to news. As noted by Reynso (@BTCTalks), growing volume in the market has allowed the market to correct itself both faster and with less intensity than previously in Bitcoin history.
Some of the factors causing market shifts recently include Dish Network accepting Bitcoin as a payment method, institutional money preparing for New York legislation, and Apple now allowing Bitcoin in their App Store with a policy change.
As Reynso notes, the Bitcoin market has not shifted as much with this bullish news as could have been expected in previous months. This indicates that the price of Bitcoin may now be driven less by speculators, but by actual usage and adoption. In the future, opinions on Bitcoin will change with the headlines, but perhaps now Bitcoin is mature enough to handle it.
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