Bitcoin and Crypto Market Up Following Positive News From the U.S – Cryptocurrency News

Enter The Crypto > Cryptocurrency News > Bitcoin and Crypto Market Up Following Positive News From the U.S – Cryptocurrency News

Bitcoin and all of the ‘top 100’ in the Crypto Market have spent the day in the green, following positive news from the U.S senate yesterday.

 

The U.S appeared to take a softer than accepted stance on Bitcoin and Cryptocurrencies in general. There was no mention of outright bans, which some feared. The senate did however state that more regulation was needed, especially for ICOs (Initial Coin Offerings).

 

“We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balance response, and not a dismissive one,” – Christopher Giancarlo (appearing before the Senate Banking Committee).

 

The market reacted positively to the news, with Bitcoin climbing over 15% crossing the $8,000 mark; whilst Ethereum, XRP, Bitcoin Cash and Litecoin have all seen similar gains over the past 24 hours.

 

 

Bitcoin Chart

 

Singapore’s stance

 

There has been further positive news from the government of Singapore who confirmed that at present they have no intention of banning Cryptocurrencies.

 

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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.

 

 

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