Vulnerability of crypto industry to external factors makes Bitcoin price one of the most discussed issues. Let’s see what factors have led to its recovery.
Crypto markets recovers from the heavy blows and woes as CFTC and SEC chairpersons express some confidence in digital currencies.
The overall markets under deep correction as China brings ban on local investors to trade even from foreign exchanges.
Under the new regulation, traders will no longer be able to use anonymous bank accounts to sell and acquire virtual currencies via South Korean exchanges.
Top 15 cryptocurrencies by market cap are seen correcting by 10% just over last 24 hours.
Two major cryptocurrencies show the signs of recovery after last-week’s market crashdown. The third largest, Ripple, also gains pace with 68% growth.
Over the last 5 trading sessions, Ether price has been sharply decreasing. This can be explained by both fundamental and technical factors, with fundamentals prevailing.
The global crypto market is recovering after the South Korean false regulatory announcement. Cardano and NEO increased in value, while Bitcoin and Ethereum receded from their positions.
Cryptocurrency market is till very volatile in early 2018, with Ether being in the forefront, following bitcoin, the undisputed leader.
Analysis of current situation on cryptocurrency market reveals that Bitcoin’s major rival strengthens positions with rising market capitalization and increasing trading volumes.
Local miners from China are facing tough times as the government pushes ones, who are using cheap electricity, out of business.
Ethereum co-creator said that this year we will see significant changes in the cryptocurrency market due to enourmous growth of Ethereum’s price.