Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears

Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears

The price of Bitcoin and other popular cryptocurrencies ascended during the day after the European Central Bank announcement terminated worries of an imminent ban. Last month, the fall of Bitcoin grew so dreadful that the sharp drop was described as a ‘bloodbath’ and a ‘horror show’, before gradually being named the ‘cryptopocalypse

However , after that, the price of most major crypto currencies has been rising, although all crypto-markets continue highly unstable and vulnerable to dramatic wobbles. The price of one Bitcoin is sitting at about $8,800 this morning, which is an rise of about $400 from its lowest position yesterday.

Mario Draghi proclaimed it was not his organisation’s function to regulate Bitcoin. The price of Bitcoin has been on the up for the past 224 hours

Mario Draghi also warned the general public about the threats linked with the volatile cryptocurrency, which is subject to dramatic spikes and crashes. Authorities are displaying a growing appetite for new laws to set the crypto-markets, which have regarded wild price swings and a series of heists as well as a rapid growth in thequantity of coins on offer.

 

 

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