Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears
The price of Bitcoin and other major cryptocurrencies rised today as a result of the European Central Bank declaration dismissed worries of an impending restriction. Last month, the decline of Bitcoin became so dreadful that the sharp decrease was called as a ‘bloodbath’ and a ‘horror show’, before ultimately being referred to as the ‘cryptopocalypse
However , after, the price of most key virtual currencies has been climbing, even though all crypto-markets are still highly volatile 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 suggested it was not his organisation’s job to regulate Bitcoin. The price of Bitcoin has been on the up for the past 224 hours
Mario Draghi also warned the consumers about the dangers attached with the volatile cryptocurrency, which is vulnerable to dramatic spikes and failures. Governing bodies are featuring a developing interest for new policies to regulate the crypto-markets, which have viewed wild price swings and a series of heists as well as a rapid proliferation in thecount of coins on offer.