NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

BTC Trading Trends Exhibit Positivity amid Regulatory Uncertainities

Rick Delafont
Rick Delafont
4 years ago
2 mins read
bitcoin, trading, cryptocurrency, china

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After the news from China earlier this month, the entire future of cryptocurrency was cast into doubt – albeit briefly. The ban on initial coin offerings (ICOs), followed by news of exchanges shutting down was met by a widespread selloff. Whilst there was already evidence to suggest the beginning of a general correction prior to the September 4th, and 14th announcements, there is no doubting that news from China exacerbated the natural pullback. In terms of the total market cap. The crypto-space lost a huge $75 billion in a span of about two weeks.

After the initial plunge, prices did rise and for the last week, the revolutionary digital currency (and assumed barometer for all things crypto), Bitcoin, has been trading sideways with relative stability. Whilst previous incidents of potentially negative news saw the price of Bitcoin crash dramatically, this time the bleeding stopped rather abruptly. This has been cited by many as evidence of a more developed, mature market than we’ve previously seen around crypto.

It appears as though a “wait and see” attitude has been adopted over the pending legislation, and a lot of unsure money is waiting on the sidelines to join, or rejoin the market following the positive news.

Arthur Hayes the co-founder of cryptocurrency exchange BitMEX says, “people are looking for clarity from China.” Meanwhile, Lucas Geiger, founder of Wireline stated: “the regulation issues are casting a shadow” and that people will likely stay “on the fence” until the worries pass. He also seemed bullish in later comments regarding previous industry regulation earlier this year. Citing Japan’s recognition of cryptocurrency as a legal payment method, he asserted that government control could indeed have a positive effect on the asset’s market price:

In my opinion the bull run coincided with positive regulatory information in the spring coming from Japan.

For Geiger, this development “brought new participants to the market.” Peter Kuskowski of CoinFirm, a blockchain and technology company also seems to echo the bullish sentiments of many:

There are obviously some valid concerns from the regulators. I think soon we see more and more ‘traditional’ players coming to this market and they will be strictly compliant. This will push the price up.

The recent slowing of growth might appear on the surface as a sign of weakness for the market but many analysts feel otherwise. They see the range-bound moves in prices as a healthy pause. After such a violent upswing thus far in 2017, a slowing down is likely necessary. According to Sean Walsh, a partner at Redwood City Ventures, “cryptos were probably a little ahead of themselves when BTC was trading toward $5,000.”

However, some analysts are a little more neutral about the news out of China. Kevin Zhou, the co-founder of cryptocurrency trading fund Galois Capital echoed the sentiment by stating,

We’ve been in a bullmarket all year and if we really hit an inflection point here, we could see a more sustained pullback in both severity and time.

Overall, it is a good sign for the cryptocurrency industry as a whole. The recent developments indicate growing confidence levels which combined with the legalization of Bitcoin in certain jurisdictions put it in the league of other mainstream assets.

Ref: Forbes

 

Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level

The Dogecoin price has since retraced after its run to $0.3 as sell-offs had grown stronger over the last week....

Scott Matherson 4 hours ago
비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

미 연방준비제도이사회(Fed)가 기준금리를 0.25%p 인하했다. 이번 조치는 미국 동부시간 기준으로 오후 2시부터 적용됐다. 같은 날 열린 기자회견에서 제롬 파월(Jerome P...

Soyeon Lee 6 hours ago
bitcoin-price-forecast-fed-rate-cut-rally-120k-next-100x-altcoin-tw

比特幣價格預測降息引發上漲目標12萬 下個100倍幣關注焦點是這個!

在眾多投資者盯著比特幣每日兩趟的K線起伏時,喜馬拉雅山脈之中,一個鮮有人提起的內陸國度卻悄然做出一筆交易:不丹,這個以快樂指數而非GDP著稱的國家,從政府關聯錢包中移轉出913枚比特幣,價值約1.07...

Mark Mak 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Hyper išankstinis pardavimas perkopė 17 mln. USD ribą

Bitcoin Hyper išankstinis pardavimas perkopė 17 mln. USD ribą

Tomas Jankūnas 22 minutes ago
AxCNH and KRW1 Stablecoins Launch in Asia as $BEST Token Soars Past $16M on Presale

AxCNH and KRW1 Stablecoins Launch in Asia as $BEST Token Soars Past $16M on Presale

Aaron Walker 2 hours ago
Binance Coin's Epic 10% Rally: Which Best Altcoins Will Explode Next?

Binance Coin’s Epic 10% Rally: Which Best Altcoins Will Explode Next?

Aaron Walker 2 hours ago

Premium Sponsors

Press Releases

  • ビットコイン...

    5 minutes ago
  • dogecoin memecore

    Dogecoin Giảm 17,68% Khi Các Đồng Coin Tiềm Năng...

    16 minutes ago
  • シバコイン...

    19 minutes ago
  • Meme Coins

    Meme Coin Tiềm Năng Nên Mua Ngay Khi Vốn Hóa Thị...

    21 minutes ago
  • 104 USD trong 5 Alt Coin

    Top Altcoin Nên Mua Khi Giá Solana Tiến Gần Mốc Cao...

    30 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.