Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears
The price of Bitcoin and other most important cryptocurrencies gained during the day following the European Central Bank declaration dismissed doubts of an upcoming ban. Last month, the slip of Bitcoin got to be so extreme that the sharp decline was called as a ‘bloodbath’ and a ‘horror show’, before eventually being dubbed the ‘cryptopocalypse
But after, the price of most key virtual currencies has been ascending, even though all crypto-markets continue highly unpredictable and vulnerable to significant wobbles. The price of one Bitcoin is resting at about $8,800 this morning, which is an increase 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 2day
Mario Draghi also warned the consumers about the dangers associated with the volatile cryptocurrency, which is subject to dramatic fluctuations and failures. Governing bodies are showing a developing appetite for new measures to regulate the crypto-markets, which have viewed wild price swings and a series of heists as well as a rapid growth in themultitude of coins on offer.