Bitcoin stays at the level of $ 8,000

Bitcoin continued its recovery on Tuesday and approached $ 8,000 as the virtual currency rallied 20% in the week, after two high days over the weekend. Meanwhile, another cryptocurrency falls on Tuesday. Bitcoin traded at $ 7,835.6 at 11.31 WIB on the Bitfinex exchange, jumping 2.7% over the past 24 hours.
Ethereum, a crypto currency with the second largest market capitalization in the world, slumped 3.6% to $ 452.4 on the Bitifinex exchange.
The XRP / USD token has traded 4.9% lower to $ 0.44145 on the Poloniex exchange.
Meanwhile, Litecoin also lost 4.5% and traded at 82.132 on Tuesday.
Rumors that BlackRock Inc. Looking for a cryptocurrency investment that helped push Bitcoin prices higher last week seeing its value rise by more than $ 1,000 in just a few days.
Reports that the US Trade and Securities Commission (SEC) is considering introducing funds traded on the Bitcoin exchange (ETF) and that agreement can be realized immediately after August are also referred to as supporting factors.
However, Bitcoin is still down more than 60% from an all-time high near $ 20,000 occurring in December, because all the cryptocurrency industry has been under global supervision this year amid theft, fraud around initial coin offers (ICO), market manipulation and potential money laundering.
Over the weekend, G20 finance ministers met in Argentina, and cryptocurrency is one of the areas under discussion. The G20 said the cryptocurrency market, estimated at around $ 300 billion, does not "pose a risk of global financial stability" at this time.
That is in line with comments from Federal Reserve Chair Jerome Powell last week, where crypto concerns were not related to his current priorities because the currency market was not large enough to pose a threat, and the US central bank did not want to regulate it.