Bitcoin News
By Sydney TheCMO
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Bitcoin’s recent gains earlier this week have been cut short after a UK financial regulator released a report stating that many cryptocurrency companies have not fulfilled…
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The UK’s Financial Conduct Authority revealed on Thursday that as many as 50 companies that deal with cryptocurrencies have not met the UK’s anti-money laundering requirements.
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Bitcoin and most of the top 10 altcoins are in the red following the announcement. The current market performance is a textbook response to negative news which always causes…
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Bitcoin’s performance has been bullish since Sunday when it rallied from a low of $33,379 to a weekly high of $39,476.
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The recent report from the FCA highlights the increased regulatory concerns as the cryptocurrency market continues to attract more participation globally.
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Concerns about the use of cryptocurrency to launder money have also been growing. Just a month ago, U.
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Although regulation might be a good thing for the market in overcoming some challenges such as scams, some crypto enthusiasts are concerned that it will violate the decentralized…
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The problem with FUD is that it triggers sell-offs, especially by weak hands. Fortunately, the previous market correction seems to have eliminated most of the weak hands, thus…
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The BTC price slippage may also have been influenced by a recent breakup tweet by Tesla CEO Elon Musk.
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Elon Musk has received a lot of backlash for tweets that have manipulated Bitcoin price movements in the past and history seems to be repeating itself.
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