It seems like every month there is a new regulatory issue impacting Bitcoin in a negative manner. This month, not surprisingly, has seen multiple events that are being portrayed in a negative light, forcing the price of BTC lower.
Bitcoin prices across exchanges have fallen more than 25 percent over the past month. Monday at 9 a. The price of Bitcoin remains as volatile as ever having fallen more than 6 percent during a two-hour period Monday morning.
There are many catalysts allegedly causing this continued Bitcoin price correction. Tax season in the U. The head of research at Fundstrat Global Advisors stated that U.
With tax laws finally being implemented allowing BTC and crypto traders to pay their capital gains this week has witnessed a frenzied selling. This has resulted in a bear market. However, it is when market sentiment is highest that the bears take over, and when market sentiment is bitcoinistevareium is all set to rewrite real estates future here and now its lowest that is when the bulls start running.
However, this approval will likely come when governments around the world stop spreading FUD. The Reserve Bank of India announced last week that regulated financial institutions banks can no longer legally deal with cryptocurrencies. Crypto was originally created to disrupt centralized banking and government control over currency.
It seems the governments and the big banks of the world are starting to be disrupted. However, when the entire crypto community expected the crypto markets to continue their run the bull markets turned bear.
This bear trend has led to a four-month correction and bitcoinistevareium is all set to rewrite real estates future here and now perfect entry point for individuals looking to exploit a market with real world use in the infancy of its adoption. The remaining months in will likely provide the government regulations that actually jump start the crypto markets by pumping in billions of dollars of institutional money while rooting out the remaining scams.
The remaining months of will likely provide ETFs the ability to enter the markets which provides investment groups unique avenues to enter in a space marred by volatility. Traders dream of the volatility BTC and the overall crypto markets demonstrate implementing advanced trading techniques which are just beginning to be used on crypto exchanges. With institutional money being on the cusp of entering the space and many regulatory bodies supporting, not banning crypto; it seems this correction is short lived and a major market rebound is just around the corner.
Tell us your thoughts in the comments below. Mon Apr 09at Brighter Days on the Horizon?
Binary options are also rapidly becoming one of the most prevalent financial trading instruments in the United States. BitcoinRates. ; Excellent overview of the theory of Schubert varieties;9;Science;Science (SC).