Bitcoin Gaining Power

The crypto currency unit, Bitcoin, after explanations of securities and exchange commission (SEC), has started to increase.

Following the downward trend observed in the first trading day of the week in Bitcoin, the highest volume of the crypto currencies market; after green light signals from the US Securities and Exchange Commission (SEC) to a future Bitcoin ETF (Bitcooin stock exchange fund), Bitcooin recovered slightly and traded for $ 10,283.

In an interview with CNBC, SEC President Jay Clayton said that the Bitcooin ETF seems likely in the future but there is still much work to be done. Clayton said that the stock market operators should provide evidence that they are not manipulating their platforms. He also stressed that the SEC is concerned about the unregulated nature of the ripto currency markets and that a possible Bitcooin ETF could pose a threat to the global economy in such an environment.

In parallel with the horizontal trend in the market, the market volume was determined as 264 billion 705 million dollars in the last 24 hours and the 24-hour trading volume in the market was calculated as 59 billion 306 million dollars.

Related News: What is Bitcoin?

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