Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears
The price of Bitcoin and other popular cryptocurrencies mounted today as a result of the European Central Bank announcement laid off possibility of an impending ban. Last month, the fall of Bitcoin started to be so severe that the sharp decrease was described as a ‘bloodbath’ and a ‘horror show’, before ultimately being referred to as the ‘cryptopocalypse
But after that, the price of most major crypto currencies has been ascending, although all crypto-markets persist highly volatile 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 point yesterday.
Mario Draghi announced 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 also informed the public about the hazards linked with the volatile cryptocurrency, which is vulnerable to dramatic fluctuations and failures. Governing bodies are demonstrating a developing interest for new rules to regulate the crypto-markets, which have noticed wild price swings and a series of heists as well as a rapid growth in thequantity of coins on offer.