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The Bitcoinand, by extension, the rest of the crypto-currencies, returns to the charge. The digital currency has returned to the level of $ 4,200, once the president of New York Stock Exchange, Jeffrey Sprecher, went out for his defense. The rebound comes after this Sunday lowered its price to $ 3,500.
Sprecher assured that cryptocurrencies could prevail over any other type of financial asset in the near future. The statements of the President of NYSE They arrived at a Consensus Invest conference on the survival of digital assets, to which they firmly responded. a "yes".
At the strong rebound of Bitcoin this Wednesday, above 9.6%he followed the rest of critpmonedas. So, The ripple increases by almost 8%, the Ethereum exceeds 9.3% and the stellar lights also increase by 11.32%.
Cryptocurrencies have had their heyday about a year ago and since then, they have stopped falling as a result of the authorities' messages in favor of greater regulation and protection. share of experts warning of a bubble. Thus, last week, the largest cryptocurrency recorded a minimum of more than a year and a market capitalization reduced to 78,800 million dollars. However, Far, it is the prices of about 20 000 dollars that marked the end of last year or the more than 330 000 million euros which ended up being worth.
Thus, bitcoin fell from historic highs of 78.9% last year., while The ripple does so at 86% and Ethereum has collapsed to over 90%. A situation that has looted a large number of investors who saw in these currencies a good opportunity to obtain a significant return.
The long-awaited futures market is getting closer
The turning point of the decline in digital currencies will be the arrival of a futures market on the NYSE itself. This is one of the great hopes investors have in crypto-currencies and have not arrived yet. Although Sprecher is optimistic that the contract market can be launched in January of next year.
The president of the NYSE, who is also CEO of ICEHe also explained how the company is striving to offer contracts to small traders, which would cause customers to own bitcoins. The company "has had talks with other financial institutions about the configuration of a new operation by which banks can buy a contract, called swap, that will end with the customer who owns Bitcoin the next day, with the support and security of the exchange, "said Sprecher.
While, Mati Greenspan, eToro analystpoints out that "what we are currently observing – with tremendous volatility and falls so far this year – are the side effects of the unprecedented increase in bitcoin and other encrypted currencies over the past year. last year ". From their point of view and if, as for all markets, prices reach levels higher than those that are justified, they must go back, although these cycles can sometimes be accentuated in the digital currency market. "
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