Cryptocurrencies are preparing to attack new peaks.
Last week, Bitcoin has challenged for a height of 12 thousand dollars, but then slowly fell back to less than 10 thousand dollars. Now, according to Coinmarketcap, the cost of bitcoin ranges from 9370 dollars.
Perhaps to weaken the positive momentum of bitcoin was influenced by news from France and the UK. In France, the financial regulator proposed to regulate cryptocurrencies as derivatives, which the crypto community perceives hardly with delight, since it considers Bitcoin still a currency that is independent, not a derivative of anything.
Cryptocurrencies, rise!
In the UK, the Treasury Committee of the British Parliament appointed hearings on cryptocurrencies. In itself, the Committee is not a regulator, but it is an influential Advisory institution, and the danger here is that parliamentarians assume to consider the regulation of cryptocurrencies based on their use in money laundering.
Following Bitcoin and other cryptocurrencies fell into a slight depression and began to fall in price.
But now we may be seeing the passage of the bottom of this week, as the day Bitcoin lost less than a percent, and now stabilized.
Ethereum, which at the beginning of last week was trading at approximately $ 947, dropped to 820 dollars, but now cheered, got up to 863 dollars, and continues gradually to compensate for the damage of last week.
Also, Litecoin moved to growth, rising by almost 7% to 229 dollars.
In General, the dynamics of cryptocurrency prices are now multidirectional, which may indicate a reversal of the trend to growth, a temporary drop in cryptocurrency prices can be seen as a compression of the spring before straightening or compared with a Cobra that is collapsing preparing to attack. Or maybe not, the growth is still insignificant, the trends are shaky.