Cryptocurrency market comes under spotlight (15.02.2018) #criptocurrency #cripto
Today the cryptocurrency market came under the spotlight again. Thus, the Bitcoin quotes moved closer to the previous highs.
The virtual money reached the level of 9 600 dollars but then retreated to 9 500. Lately, a bunch of negative reports, particularly from South Korea, has dented the investor sentiment.
Thus, South Korea took a hard line on the cryptocurrency exchanges. However, yesterday the government announced plans to allow their work. This news improved the mood of cryptocurrency traders. Moreover, the US authorities also support the cryptocurrency market but as long as it is strictly supervised.
Ethereum, the crypto coin with the second biggest capitalization, has breached the level of 920 dollars but now it corrects its movement, drawing closer to the level of 910 dollars.
Meanwhile, litecoin is rising at a breakneck pace. Its quotes are hovering near 220.70 dollars. Traders rushed to buy this cryptocurrency after the news that on the 26th of February the LitePay payment service will be launched. Thus, litecoins will be used for online purchases.
However, some experts remain skeptical about the cryptocurrencies, saying that they are unstable and risky assets.
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