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Bitcoin {BTC} gets influenced by bears; Bittrex shuts shop in over 30 nations

Bitcoin


Bitcoin is the top-ranked asset in the market with a dominance rate of 66.3% associated with it. The digital currency is fluctuating heavily. BTC is priced at $7973.54 as of this very moment. The trading volume recorded stands at roughly $14.047 billion, while the supply has 18,002,037 BTC coins in play for now. The total market cap of Bitcoin amounts to $143.539 billion.

Bittrex is a leading exchange, whose services are offered in numerous countries scattered around the globe. However, due to “regulatory uncertainty”, the citizens in Zimbabwe, Egypt, Pakistan, and 28 more nations won’t be able to use the platform from the next month and must look for a fresher alternative.

Although some nations like Venezuela and Turkey house a large chunk of Bittrex users, the popularity of this platform is restricted in comparison to other centralized exchanges like Coinbase, Binance, BitMEX, and so on. Customers have time till the 29th of October if they wish to withdraw their funds from the exchange.

Authorities and regulators have erected a ton of hurdles which have even affected currencies like Monero, Dash, and many others. Such actions have been the product of distrust that persists between traditional bankers and the crypto-ecosystem.

Bitcoin must head beyond the $9000 mark so as to keep the investors hungry for more. After all, sharks keep circling their prey.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.