Bitcoin Bounced Off of its 2018 Lows
Monday, Bitcoin bounced up from it Y 2018 lows and breaking out of a 2-month downtrend.
Currently, Bitcoin is trading at 6,649.9351,+344.65, or +5.47%, as of 6:03a BST, the market is open
Other digital currencies were also up, including Ethereum, Bitcoin Cash and Ripple, also known as XRP.
At the height of the Bitcoin run, the digital currency hit an all-time high price of 19,500+ in December.
This is a big week for digital currencies in the regulatory spectrum.
Swiss regulators are expected to give cryptocurrency companies full access to conventional banking services in the coming month, according to reports.
And the Financial Conduct Authority, the Bank of England and the Treasury will give evidence to a UK parliamentary committee on cryptocurrency opportunities and risks Wednesday.
Meanwhile, SKorea’s Financial Services Commission gave new guidelines last week to prevent money laundering via cryptocurrency. They include tightened cryptocurrency trading regulations on transactions and user monitoring.
Have a terrific 4th of July!