The market capitalization of the cryptocurrency is currently 572.5 billion dollars. Bitcoin accounts for about 34% of the total cryptocurrency market.
Image Source: Reuters
The most popular cryptocurrency in the world bitcoin (bitcoin) rises in price on Thursday, remaining at about 11 thousand dollars, traders are following the news about the regulation of the cryptocurrency market, according to market data.
According to the portal CoinMarketCap, as of the morning of bitcoin rose by 7.15% - up to 11.63 thousand dollars. At the Bitfinex exchange, the cryptocurrency grew in price by 8.52% - up to 11.6 thousand dollars, on the GDAX - 8.3% - to 11.51 thousand dollars. According to the portal Coindesk, bitcoin increased by 1.56% - to 11.58 thousand dollars.
Other popular cryptocurrencies are also in positive territory, according to CoinMarketCap. Thus, Ethereum went up by 10.95%, to 1.1 thousand dollars, Bitcoin Cash - by 5.15%, to 1.7 thousand dollars, Ripple - by 2.07%, to 1.38 dollars. The market capitalization of the cryptocurrency is currently 572.5 billion dollars. Bitcoin accounts for about 34% of the total market.
Image Source: Reuters
The main focus of investors is on the issue of regulating the market of cryptocurrencies. In particular, traders are following South Korea - on Tuesday, Yonhap agency, citing an official source, said that anonymous crypto-trading will be banned from January 30. The source noted that for the trade in cryptocurrency, now every trader will have to identify himself with the help of a bank account, and accounts belonging to foreigners and minors will be blocked for operations with digital currencies.
Image Source: www.ccn.com
At the same time, Brian Kelly, financial analyst at the hedge fund BKCM, is quoted as saying that due to uncertainty about the regulation of digital currencies in South Korea, now the cryptocurrencies are "in transition" - they are transferred from Asian to American and European markets.
Thus, the Minister of Economy of Switzerland Johann Schneider-Ammann announced his desire that his country become a "crypto-nation". And state secretary of the Ministry of Finance of the country Jorg Gasser said that Switzerland has a huge potential for the development of blockchain technology, although the market "is not as disciplined as we would like."
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Great analysis, with Robinhoods 800k waitlist for crypto trading, and leveraged funds being bullish on bitcoin futures right now, I see a good next two months for bitcoin! Hopefully we can breakout of the 10-11k levels soon and hit 14k again!
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Nice news... bitcoin will grow more an more this year..Thanks for the share.
I attended a seminar today about bitcoin, so new to me... i think crypto currency is taking over
Great news for the rise of bitcoin. Other cryptocurrencies have also risen which is a positive note for we dealing in the cryptomarket stock.
Let's wait for the news from South Korea, and hope for the best. It's so absurd how the government can turn against something that's improving the standards of living of the poor.
I think we will see even more rise now. By the end of the year, we can expect around 50k
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This rise of bitcoin indicates that now it will start rising and will go to 15000 dollar marks in the next month.
Thanks for sharing your analysis.
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Thanks for the update. i hope they dont regulate the cryptocurrency at all i like it when its free.. lets keep it that way.
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Great Post..I did technical analysis on this earlier today. Following is my post.
https://steemit.com/bitcoin/@parindafx/btcusd-price-chart-analysis-01-27-2017
I bet it'll skyrocket within the next three months. Can't wait to see what it will be by the end of this year.
Bitcoin has definitely the face of the cryptocurrency movement. Makes you wonder if altcoins will takeover in the years to come as those projects get the time they need to fully mature.
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Thanks for the updates! I'm really interested in how Switzerland will develop their economy over the next year or so to better adapt to cryptocurrencies, as well as to see what their contingency strategies will be.
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