Bitcoin prices are going down due to China Ban of initial coin offer.
Yesterday Bitcoin prices are going deep down because of China ban on ICO. ICU is a coin Distribution Company which name is initial coin offering. After the prohibition of China on ICO. THE SENTIMENTS OF MARKET is GONE DOWN.
The ban of initial coin offering is not related to Bitcoin price. But definitely, this kind of move is making wrong sentiments of the market. That’s why the Bitcoin prices were down to the $4,600 to$4,400.
Regulator of money
The mentality of China is acting like this, so that’s why. It is not the first time when China’s doing this kind of activities. But yes if any regulation on any digital currency is happening. Then definitely the make wrong sentiments of the market.
The main reason behind this digital currency has no any regulation. It is one of the most important factors of crypto currency. They don’t have any regulatory body.
Governing body tries to regulate Bitcoin currency. Either any other crypto currency or Digital currency. The market treats like as a negative sign for it.
Due to lots of investors now Bitcoin is the most important tradable commodity of the market. Every news is making an impact on it. For example, South Korea news is also making this to currency sentiments.
Why market sentiments?
But this is not the first time when any regulatory body tries to manipulate the prices of Bitcoin. It is not the first time when anybody tries to hold its digital currency. Lots of news were in the past. Patna effects and market will recover and gain the profit from there.
As per the prediction of the market Bitcoin price will rise to $5,500 for the next month. So if you are an investor of the skull currency or cryptocurrency then don’t hesitate and keep investing.
Bitcoinsblock.com will update you and inform you all the current news of Bitcoins.
In the upcoming blog, we will go to talk about how to keep safe your money in digital form?
Will look forward to hearing you in the comment what is your perspective regarding China ban on ICO. If you have any idea or comment either any question, then you can ask to prove comment box.