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Financial Authorities Threatening the Bitcoin Market

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January 16, 2018 | 

969 Views | 

Joanna Newman | 

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Lately, financial authorities around the world are speaking up about a regulating the cryptocurrency markets with an aim of trying to control the excessive enthusiasm for these new financial assets. As a result, at market opening today, Bitcoin’s value had decreased by about 40%.

The price of Bitcoin has continued to fall and has reached its lowest level since December. And now, different financial authorities around the world are threatening to impose regulations on the market. Some countries have already taken actions. Take China, who has adopted a formal ban against trading cryptocurrency on its territory. The government has even implement restrictive measures to ban ICOs and discourage the mining of Bitcoin. Given that China is home to the largest community of Bitcoin miners, this policy has struck a serious blow to the market. The Chinese government has also planned to block access to local and offshore exchanges that still allow the trade the digital currency.

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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

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24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

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