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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 chief cryptocurrencies rose today following the European Central Bank announcement laid off worries of an impending ban. Last month, the slide of Bitcoin started to be so intensive that the sharp drop was called as a ‘bloodbath’ and a ‘horror show’, before gradually being named the ‘cryptopocalypse

Nevertheless, after that, the price of most key cryptocurrencies has been ascending, although all crypto-markets continue to be highly unpredictable and prone to dramatic wobbles. The price of one Bitcoin is resting at about $8,800 this morning, which is a gain of about $400 from its lowest point yesterday.

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

Mario Draghi likewise warned the public about the dangers attached to the volatile cryptocurrency, which is vulnerable to dramatic fluctuations and failures. Governing bodies are displaying a developing urge for new measures to regulate the crypto-markets, which have seen wild price swings and a series of heists as well as a rapid growth in the assortment of coins on offer.

 

 

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