The Price of Bitcoin Recovers: Grows to Over $8,000
It seems that bitcoin owners can now relax, as the price of the cryptocurrency is now on a growing trend. After a couple of days in which investors feared for the future of the cryptocurrency, now the price of bitcoin seems to have experienced a recovery.
The price of bitcoin recovers and grows back to $8,000
So, once again, bitcoin has managed to prove that it won't go away very soon. The cryptocurrency grew with around 9% since yesterday, while other cryptocurrencies also experienced a growth. This means that the whole market seems to be back on track once again. Bitcoin itself experienced a growth of around $2,000 is just one day.
Initially, when the drop in the price of bitcoin was first experienced, different media reports indicated that this might be the end of the so-called "bitcoin mania."
Some market analysts expected the price of cryptocurrencies to continue to go down gradually until the market's collapse.
Well, although the price of bitcoin is not the best the digital currency has had so far, it seems that at least it managed to stop its fall. And this might be due to the fact that the cryptocurrency market has received a signal from the US.
The Chairmen of the Securities and Exchange Commission, and the Commodity Futures Trading Commission claimed that a heavy ban on cryptocurrencies might not be needed. Allegedly, several federal agencies are going to work together on regulating the cryptocurrency market.