Bitcoin Under Pressure by Regulators - Daily Market Summary

Fall of the Price of the BTC

With the markets drowsy due to vacations in various parts of the world and with many traders outside their offices, the focus now is on the cryptocurrency industry, which keeps circling as we head into the new year. The bitcoin market is clearly under pressure from several sectors as the regulation of the industry begins in full swing. The last to join the car is South Korea, with reports that it is planning a lot of controls on the trade and also have the option to close exchanges on its radar. This has scared the markets as many volumes are made in these exchanges and a closure of these would mean another important blow to the industry, as happened in China. He managed to recover from the Chinese coup, but it remains to be seen if he can survive this blow, as long as it happens.

The Other Numbered Markets

The rest of the markets are in a slow mode, with the weakness of the dollar being the main issue of the markets. The stock markets around the world showed a consolidation mode and ranges during the last 24 hours, which is quite expected since the traders are on Christmas and New Year holidays and most of the trading tables remain empty during this period while the market waits for another long weekend. Gold and crude oil are trading up but with a low negotiated volume.

This article was originally posted on FX Empire

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