{"id":7633,"date":"2021-07-15T23:33:00","date_gmt":"2021-07-15T20:33:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=7633"},"modified":"2024-02-19T21:51:31","modified_gmt":"2024-02-19T18:51:31","slug":"bitcoin-dropping-pe-fondul-reglementarilor-mondiale","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/ro\/2021\/07\/15\/bitcoin-dropping-pe-fondul-reglementarilor-mondiale\/","title":{"rendered":"Bitcoin scade pe fondul cre\u0219terii reglement\u0103rilor mondiale"},"content":{"rendered":"\n

This is the year in which Bitcoin (BTC) surpassed $64k and a country adopted it as legal tender. However, this is also the year for Bitcoin regulations worldwide. The cryptocurrency world is now mainstream enough for governments to notice it. So, they\u2019re keep going with a bunch of new regulations, and even bans. That\u2019s probably why BTC is dropping right now.<\/strong><\/p>\n\n\n\n

If we calculate since the last All-Time-High (ATH) in April, the bitcoin price has decreased by over 50%. Last week hasn\u2019t been so kind either, since BTC seems stuck between $31k and $34k. Some analysts are still bullish, and aiming to over $100k<\/a> by the end of 2021. Although, some others<\/a> are striking the current price as \u201cfragile\u201d and don\u2019t think the bulls will come back soon.<\/p>\n\n\n\n

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We can stick to the facts for now. The exchange Binance<\/a>, one of the largest worldwide, is having legal issues in several countries. The authorities allege that they don\u2019t have specific permissions to operate in their regions.<\/strong> So far, the list includes Malaysia, United States, United Kingdom, Japan, Singapore, Thailand, Cayman Islands, and, more recently, China<\/a>, and Italy<\/a>.<\/p>\n\n\n\n

By the way, this fact comes along with the China crackdown<\/a> on Bitcoin mining and its ban on crypto payments. Besides, they also banned<\/a> domestic companies from providing services related to Bitcoin.<\/p>\n\n\n\n

Beyond these borders, Iran applied<\/a> a temporary ban on Bitcoin mining, Indonesia banned cryptocurrency payments, and the Indian authorities are still discussing whether to ban digital assets or just regulate them. Spain just tightened<\/a> their control over cryptocurrency taxes, and so did South Korea<\/a>.<\/strong><\/p>\n\n\n\n

At least, not everything is bad. According to Glassnode<\/a>, the Bitcoin hashrate (the miners) is coming back to normal, and the long-term holders are still not selling their BTC.<\/p>\n\n\n\n

Some bullish coins: Axie, NEM, and Bakery<\/strong><\/h2>\n\n\n\n

While Bitcoin<\/a> and the top ten cryptocurrencies are being affected by regulations, some other altcoins are thriving. Especially successful lately has been the gaming platform Axie Infinity, which includes two tokens: Small Love Potion (SLP), and the homonymous AXS. The latter reached a new ATH this week ($29+), after an increase of over 81%<\/strong> in the last seven days [CoinMarketCap].<\/p>\n\n\n\n

Meanwhile, SLP increased by over 73% in the same period. This isn\u2019t fortuity. Axie Infinity offers rewards to the gamers for breeding, fighting, and exchanging digital critters (NFTs<\/a>) dubbed \u201cAxies\u201d. It was so profitable that a rural community in the Philippines used it as a source of income.<\/p>\n\n\n\n

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