After several bearish days with corrections close to 20% in Bitcoin prices, it seems that the situation is finally starting to improve.
This improvement manages to position again the value of Bitcoin above 8000 dollars, which could indicate the end of the red numbers and this is good for all since, if the Bitcoin manages to recover, the other Cryptocurrencies including our $ONIONS also they will do.
The reasons for the previous collapse were due to the decisions of JPMorgan, Bank of America, CityGropu and Lloyds Bank to prohibit the purchase of cryptocurrencies with credit cards to their customers.
Before all this, the situation can change: there is a perspective of a favorable regulation in the United States to stop the fall suffered in Bitcoin, where the Senate is debating the possibility of including a specific legislation to reduce the extreme volatility of the Cryptocurrency and to avoid its use by scammers and organized crime.
With this, investors believe in the possibility that this new legislation will dissipate the idea of a possible prohibition announced by other countries and reduce the extreme market volatility, to transform it into a stable asset and adapt it to a broader investment profile.
This past Friday the Bitcoin closed its worst week since 2013 but as always we must remain calm and not sell our $ONIONS for panic, we will wait for what may happen with the regulation in the United States, which will possibly be equated by the other countries.
So don’t lose the hope and you have to trust in the project.