Are cryptocurrencies the future of the financial industry? Read the latest news written by our expert currency market analysts on this fascinating and ever-evolving innovation.
"The price of Bitcoin drops along with its decreasing popularity. The last sell-off on the global equity market also did not help Bitcoin. The interest in the whole cryptocurrency market on the internet is at the lowest level in one and a half years, when Bitcoin cost five times less," writes Bartosz Grejner, Conotoxia Analyst.
"About a year ago, the cryptocurrency madness began, which pushed many virtual currencies to the top. Today, the situation on the market does not indicate that there will be a repeat of this price explosion. However, the price fluctuations are more pronounced than in the last few months," writes Bartosz Grejner, Conotoxia Analyst.
It is commonly believed that regulating the cryptocurrency market should have a positive impact on their development. However, there is some information concerning the organisation of this market, that may have negative consequences for these assets, including a drop in prices," writes Marcin Lipka, Conotoxia Analyst.
“A number of economists and analysts fear that the forthcoming recession may be triggered by cryptocurrencies. However, it seems that this type of asset is unlikely to cause a downturn in the global economy. Why?” questions Marcin Lipka, Conotoxia Senior Analyst.
"Thursday's increases in cryptocurrencies are like a plaster that is too small to fit a big wound. The whole cryptocurrency market has lost more than three-quarters of its value since the beginning of the year. The US is behind the last discount, but actually it's a return to the pre-boom levels at the end of last year. The US supervisor gained additional reason to regulate ICO," writes Bartosz Grejner, Conotoxia Analyst.
"Over the last few weeks, cryptocurrencys’ quotations have given hope for returning to the path of faster price increases. Bitcoin's price increased from less than 6 thousand to about 7.4 thousand USD. However, the hopes have been verified by a rapid fall in the prices of most of the cryptocurrencies in recent days" writes Bartosz Grejner, Conotoxia analyst.