For some analysts, the price increase is related to the new regulations in SurCorea, a very important crypto market.
A good Sunday for those who invested in the last days, when the prices of Bitcoin and the other crypts fell. Today both Bitcoin and the other digital currencies rose in price. News coming from Asia are, in the opinion of some analysts, the main causes of the rise. Let's see the performance:
When it's 11:30 am in New York, Bitcoin has a price of USD $ 6,862.69, 3.58% more than yesterday at the same time. Although the volume is not that high (USD $ 3.6 billion was exchanged on the last day), most of the movement comes from the Binance and OKEx exchanges (both in exchange with tether), followed by Bitfinex in exchange with US dollars. . In the fourth place is the exchange Zb.com with exchange between bitcoins and dash. The price increase started yesterday at night, as can be seen in the chart and since then it has remained.
Altcoins
Other striking increases are those of Ethereum at 5.41%, Ripple at 4.76%, Bitcoin Cash at 7.09%, EOS at 5.34%, Litecoin at 4.90%, Stellar at 3.61%, Cardano in 6.43% and IOTA in 6.93%. Of the top 100 cryptocurrencies 90 increased.
Draws attention to the growth of Tezos, the cryptocurrency that is ranked 19th CoinMarketCap and between yesterday and today rose 30.27%. As CoinDesk explained, the increase follows a fall and sell-off that coincided with the first listing of Tezos tokens on a stock exchange, which means that investors rushed to take advantage of access to liquidity.
Assumptions about the increase
Several analysts have given their opinions on the possible causes of the increase in crypto.
Among the factors, there are of course positive news. For example, South Korea announced that it is easing restrictions on all forms of cryptocurrency trading in all areas, including Initial Cryptocurrency Offers. In fact, DiarioBitcoin announced it a few days ago: crypto exchanges have been recognized as regulated banks.
Another reason is pointed out by CCN: the success of the Lightning network, which increases every week. According to that medium, 20 new stores per day are accepting payments through Lightning.
The third factor is related to how the so-called "cryptographic whales" affect the market, that is, large purchase orders for Bitcoin that impact the current price and the previous drop.
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