Bitcoin stands still. The news of the week

At first, it fell, but then it rose firmly to its feet

In June, Bitcoin sank below $ 30,000 for the first time in six months. Further, the price went up amid uncertainties with trade and mining in China. The negative from this most important market resulted in a new fall. Now it was lower to 31.5 thousand dollars, but then bitcoin easily rose in a few hours to 32.3 thousand dollars.

The legal status of cryptocurrencies is strengthening among regulators

The cryptocurrency market has come of age and got a well-deserved interest from institutional investors. More and more regulators in various countries are looking for ways to implement cryptocurrency and blockchain technologies.

Conclusion

A week ago, we talked about the growing interest of Asian countries in crypto and possible positive effects on the exchange rate. Today, two major events confirm this: whales are returning to the market, and Bitcoin is holding its course in front of negative Chinese news. It is possible that investing in cryptocurrencies is worth looking at as a cryptocurrency with a long-term growth perspective.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Cratos Official

Cratos Official

Cratos is a licensed and regulated in the EU crypto exchange service