Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears
The price of Bitcoin and other principal cryptocurrencies bounced during the day just after the European Central Bank announcement dismissed concerns of an impending ban. Last month, the slip of Bitcoin became so serious that the sharp drop was purported as a ‘bloodbath’ and a ‘horror show’, before ultimately being referred to as the ‘cryptopocalypse
Though after, the price of most main crypto currencies has been hiking, though all crypto-markets continue to be highly volatile and susceptible to dramatic wobbles. The price of one Bitcoin is resting at about $8,800 this morning, which is an gain of about $400 from its lowest position yesterday.
Mario Draghi announced it was not his organisation’s role to regulate Bitcoin. The price of Bitcoin has been on the up for the past 2day
Mario Draghi likewise notified the consumers about the hazards linked with the volatile cryptocurrency, which is subject to dramatic spikes and crashes. Governments are proving a growing urge for new limitations to regulate the crypto-markets, which have found wild price swings and a series of heists as well as a rapid proliferation in thecount of coins on offer.