Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears

Price of Bitcoin, Ethereum and Ripple surges as European Central Bank dismisses cryptocurrency ban fears

The price of Bitcoin and other major cryptocurrencies bounced today just after the European Central Bank announcement dismissed fears of an impending ban. Last month, the decline of Bitcoin got to be so dreadful that the sharp decline was called as a ‘bloodbath’ and a ‘horror show’, before gradually being referred to as the ‘cryptopocalypse

But from then on, the price of most major digital currencies has been scaling, although all crypto-markets remain highly volatile and vulnerable to significant wobbles. The price of one Bitcoin is resting at about $8,800 this morning, which is an gain of about $400 from its lowest position yesterday.

Mario Draghi says it was not his organisation’s task to regulate Bitcoin. The price of Bitcoin has been on the up for the past 2day

Mario Draghi likewise informed the consumers about the hazards involved with the volatile cryptocurrency, which is prone to dramatic surges and failures. Authorities are demonstrating a developing urge for new measures to control the crypto-markets, which have found wild price swings and a series of heists as well as a rapid spreading in thequantity of coins on offer.

 

 

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