Bitcoin Is Showing Rapid Growth for the First Time After the Drop
Surprisingly, cryptocurrency #1 added 10%, having passed the price point of $7500 within several hours. Winter in the cryptocurrency markets ended, as reported by the CEO of Crypto Asset Management, Timothy Enneking. He notes that problems of market regulation, problems with cryptocurrency exchanges, startups selling Bitcoin and cryptocurrency loans for payment of wages - all these problems caused the drop observed recently.
“Asset consolidation, regulatory concerns, massive liquidation by the Mt. Gox trustee and startups’ selling crypto assets to pay salaries and expenses are all factors in the market’s overall decline”.
Taking this into account, Enneking concludes that the negative period for Bitcoin has already passed and the cryptocurrency will be restored in the coming months. At the moment according to Coinmarketcap, the price of Bitcoin is $7642 at the moment. Subscribe to The Coin Shark news in Telegram: