Cryptocurrency Prices Back on Track

Tuesday, Feb 6. A very much welcomed market development has been taking place following Monday’s speedy dip.

An effecting factor could be the Commodity Futures Trading Commission [CFTC] and the Securities and Exchange Commission [SEC] hearings which were an event today Feb 6. The plans [by the regulators] are to take the crypto-conversation to table including: cryptocurrencies, ETFs and ICO [Initial Coin Offerings].

Despite the up-tick, Bitcoin is still trading below the $8,000 level against the US Dollar [keeping in mind that it was trading $6,150 – this is over $1k gain in a day], while Ethereum [the second in place by market capitalization] is on 10 percent gain the last 24-hours changing hands at approx. $771.11.