Bitcoin slips on concerns over the idea of regulation of cryptocurrency

© RIA Novosti / Evgeny to Betemporary in photobacteria coins with the logos of the cryptocurrency bitcoin. Archival photoBitcoin slips on concerns over the idea of regulation of cryptocurrency© RIA Novosti / Evgeny to Betemporary the image Bank

The world’s most popular cryptocurrency bitcoin (bitcoin) is cheaper because of the uncertainty of investors regarding the regulation of cryptocurrencies, from the data of the auction.

According to CoinMarketCap, as at 07.54 GMT bitcoin depreciated by 3.62%, to 13.2 thousand dollars. On the stock exchange Bitfinex cryptocurrency when it was reduced in price by 4.29 percent, to 13.02 thousands of dollars on GDAX — on 3,27%, to 13.05 thousands of dollars. According to Coindesk, bitcoin dropping to 4.09 percent, to 13.03 thousands of dollars.

Alternative cryptocurrencies have also become cheaper — Ethereum — on 7,41%, to 1,2 thousand dollars, Ripple by 13.09%, to $ 1.62, Bitcoin, Cash by 9.98%, to 2.28 thousand dollars, agree to data from CoinMarketCap. The market capitalization of cryptocurrencies, according to the service, is at the moment 650,8 billion dollars, the share of bitcoin accounts for about 34% of the total market.

The question of the regulation of crypto-currencies still traders are concerned. On Monday, the Director of the Central Bank of Germany, Joachim, Wuermeling (Joachim Wuermeling) stated that the regulation of cryptocurrencies should be carried out on a global scale. In his opinion, due to the fact that national or regional regulations will be difficult to implement in the boundless virtual community. In addition, the Agency Bloomberg has informed on the intention of the Chinese authorities to extend the ban, which was imposed on the trading in cryptocurrencies in the past year.

Last week, the media quoted the Minister of justice of South Korea, Park sang-Ki reported on the preparation of the bill, implying a ban on the sale of cryptocurrencies in the country. Later, the Finance Ministry of South Korea officially denied the possibility of a ban. But on Monday, reiterating the Ministry of justice of the country, the South Korean Agency Yonhap said that the authorities intend to restrict trade cryptocurrencies.

Service CoinMarketCap allows you to track the average price and capitalization of each of the currently existing cryptocurrencies. When calculating the average market price for bitcoin in dollars, the aggregator calculates the data with more than 20 exchanges. Coindesk is a media resource specializing in cryptocurrencies. Calculates the average price of bitcoin on its us dollar value on the four largest global cryptomeria: Bitfinex, Bitstamp, Coinbase and itBit.

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