The past year went for Bitcoin & Co as the buyers are used to: The highs are followed by abrupt slumps, but in between there were also phases of stability.
The “key crypto currency” Bitcoin has made significant price gains this year, over the course of the year it was around 63 percent. However, the year was marked by strong fluctuations. Bitcoin stood at around $ 29,000 at the beginning of the year, but climbed to just under $ 64,000 by April, a value that was only exceeded again in November, and only after falling below the $ 30,000 mark in July.
In the new year, things are likely to remain turbulent for cryptocurrencies. The experts agree that the regulation of the sector will be decisive for the share price development. “Under its boss Gary Gensler, the SEC is expected to continue to put regulation through enforcement,” said analyst Mark Palmer of brokerage firm BTIG.
The US stock exchange regulator will probably not provide a clear regulatory framework, but will intervene on a case-by-case basis.
Source: Nachrichten
