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On Thursday, crypto assets dived a bit due to the fact that a report from Cambridge University suddenly discovered that the overall number of crypto users have almost doubled in 2018.
As a matter of fact, on the Investing.com Index, Bitcoin was intact, sticking with $3,432.10.
Crypto assets have gone down drastically for recent weeks because market participants are concerned about soaring regulatory volatility and scrutiny.
In general, crypto assets declined, with the overall crypto market capitalization amounting to $109 billion at the time of writing. The given result is less than $110 billion recorded on Wednesday.
Besides this, the number two crypto asset Ethereum managed to surge by up to 0.7% coming up with a reading of $90.08. Furthermore, Litecoin demonstrated a result of $23.85 slipping by about 1.1%. As for XRP, this digital coin dipped by approximately 0.15% trading at $0.30385.
Even so, the volatility of the crypto market didn’t appear to be enough to deter market participants, a fresh research from the Cambridge Centre for Alternative Finance discovered something intriguing. Well, it has been found out that the overall number of crypto users almost doubled this year, jumping from 18 million to the mind-blowing 35 million. However, most crypto users are still passive, as follows from the study.
As experts explained, the crypto world is getting more fluid because the lines between crypto exchanges and crypto wallets are rapidly blurred, while many crypto assets, not just Bitcoin, are currently supported by a surging ecosystem, thus fulfilling a range of functions.
By the way, soon exchanges in the Netherlands are going to be regulated by the Dutch major bank.
Besides this, in the Netherlands, crypto service providers will be required to apply for a license. Moreover, they will be obliged to follow so-called know-your-customer rules.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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