Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears
The price of Bitcoin and other principal cryptocurrencies ascended during the day after the European Central Bank declaration laid off doubts of an impending restriction. Last month, the slip of Bitcoin grew so extreme that the sharp drop was purported as a ‘bloodbath’ and a ‘horror show’, before eventually being referred to as the ‘cryptopocalypse
But since then, the price of most principal virtual currencies has been hiking, although all crypto-markets are still highly unstable and susceptible to significant wobbles. The price of one Bitcoin is hovering at about $8,800 this morning, which is an rise of about $400 from its lowest position yesterday.
Mario Draghi stated it was not his organisation’s duty to regulate Bitcoin. The price of Bitcoin has been on the up for the past 224 hours
Mario Draghi as well warned the public about the challenges involved with the volatile cryptocurrency, which is subject to dramatic fluctuations and crashes. Authorities are displaying a developing interest for new rules to regulate the crypto-markets, which have viewed wild price swings and a series of heists as well as a rapid spreading in thenumber of coins on offer.