I (jokingly and cherry-picked) tweeted out on the nearly 10% price surge in BTC, but its not a fun time for investors
Traders on the other hand are having a ball with the volatility (maybe not with the spreads though ;-) )
Weighing on crypto:
- The 'its a bubble' concerns linger
- There are increased expectations of more regulation, right around the world
- Price manipulation fears have not gone away
More specifically:
- Hacking (see the recent Japan example ... yikes)
- Lawsuits flying .... a report that the CFTC has subpoenaed Bitfinex and Tether
- Facebook announced a ban on cryptocurrency ads this week
- India is mulling increasing regulation (Finance Minister Jaitley said India does not consider cryptocurrencies legal tender ... & "will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system"
Update (you can see the surge from under 8500USD ... but I cherry picked it by ignoring the huge fall prior):
