What would happen if FSB(at first glance I thought this was Russian FSB
) say that all countries must take appropriate measures and look at BTC like potential danger for the financial system? 
Topic: [2018-03-19] Bitcoin Spikes 7% to $8,460 Overnight as Crypto Market Rebounds (Read 64 times)
March 19, 2018, 09:39:31 AM
I'm not sure 100% that G20 is a reason for this price increase,but it looks like any good or bad news has a pretty good effect on the price.Yesterday only 7300$ and fear that prices will go below that level,and today up to 8700$(Bitstamp), and speculation how long until 9000/10000$.If only G20 is reason for this spike,then it's just an indicator how powerful world institutions can actually influence on BTC.
What would happen if FSB(at first glance I thought this was Russian FSB) say that all countries must take appropriate measures and look at BTC like potential danger for the financial system?
What would happen if FSB(at first glance I thought this was Russian FSB
) say that all countries must take appropriate measures and look at BTC like potential danger for the financial system? 
March 19, 2018, 07:39:55 AM
I'm not really sure that news was worthy of such a jump. I think this shows how many buyers are waiting in the wings for any opportunity to invest on some good news
I totally agreed with you, BTC 7200$ price was the last line, dropping below would be unprofitable for the whole newly created blockchain sector. Spring is coming, most of good Alt projects, had already prepared something fresh for their investors. And only this fact will be pushing the price of BTC.
March 19, 2018, 06:31:36 AM
I'm not really sure that news was worthy of such a jump. I think this shows how many buyers are waiting in the wings for any opportunity to invest on some good news
March 19, 2018, 05:56:28 AM
I don't know if the 2018 G20 Buenos Aires summit is reason for this price increase as there is really no reason for Bitcoin to re-test below 7,000$ this early. Right now it is good that they have concluded on holding of the current regulations about cryptocurrencies as anything more than that might hurt Bitcoin's progression in the long run. A lot of people are now trap holding Bitcoin and other cryptocurrencies at a loss if this down trend still continue a lot of people might think cutting their losses as an option.
Investors and traders were anticipating strict rules and regulations for cryptocurrencies after g20 summit. Since, The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation. Market was expected to react positively.
The FSB has clearly stated that these crypto-assets do not pose a risk to global financial stability and they have asked countries and banks to adopt it. Thus, will help in bringing more investment in crypto sphere.
Finally, a positive wave after series of dumps and negativity.
March 19, 2018, 05:48:50 AM
I don't know if the 2018 G20 Buenos Aires summit is reason for this price increase as there is really no reason for Bitcoin to re-test below 7,000$ this early. Right now it is good that they have concluded on holding of the current regulations about cryptocurrencies as anything more than that might hurt Bitcoin's progression in the long run. A lot of people are now trap holding Bitcoin and other cryptocurrencies at a loss if this down trend still continue a lot of people might think cutting their losses as an option.
March 19, 2018, 04:43:51 AM
After dipping below $7,300 on most major cryptocurrency exchanges, the price of bitcoin has spiked 7 percent overnight, increasing from $7,240 to $8,467, triggered by a variety of factors.
G20
Many analysts have attributed the recent increase in the price of bitcoin to the result of the 2018 G20 Buenos Aires summit, during which the Financial Stability Board (FSB), the global watchdog that oversees banks and financial networks as a representative of 20 major economies, stated that existing regulations on cryptocurrencies like bitcoin will be held and no additional restriction or regulation shall be issued.
FSB’s official report referencing FSB Chair and Governor of the Bank of England Mark Carney’s letter read:
“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. The market continues to evolve rapidly, however, and this initial assessment could change if crypto-assets were to become significantly more widely used or interconnected with the core of the regulated financial system.”
Previously, up until this week, several analysts noted that the upcoming G20 meetup has contributed to the decline in the value of cryptocurrencies, as investors anticipated the G20 financial watchdog FSB to crackdown on cryptocurrencies and issue stricter regulations. Investors expected major economies to come together to regulate the global cryptocurrency market with harsher policies.
However, governments have decided to accommodate existing regulations on the global cryptocurrency market, which are already strict in regions like the US and Japan, and follow the regulatory roadmap of leading cryptocurrency markets to facilitate the rapidly growing demand for the emerging asset class.
It is highly unlikely that the G20 meetup was the sole factor behind the recent price surge of bitcoin and the entire cryptocurrency market. But, the cryptocurrency market was in need of an optimistic and positive development to secure an upward trend again, after being in a slump for over a week.
Consequently, the valuation of the cryptocurrency market recovered beyond $310 billion, subsequent to falling below $280 billion, and is eyeing to initiate a short-term rally.
In previous reports, CCN emphasized that the January correction would require several months to recover because many investors were hurt by the decline in the price of cryptocurrencies. In 2017, the cryptocurrency market was considered the path for short-term profits. In early 2018, investors have stated to view the market differently, and speculators or weak hands have left the market.
2018 saw significantly developments in bitcoin, Ethereum, and other major cryptocurrencies along with emerging blockchain technologies. Yet, the price has not represented the magnitude of developments that have happened in the space, most likely because speculators and weak hands were not interested in the technology, but rather in short-term profits.
In the short-term, given the continuous increase in the dominance index of bitcoin, it is highly likely that bitcoin will maintain its dominance over the market in a volatile period like this. Bitcoin’s dominance index is already at 44 percent, and has been increasing since February, as more investors have started to eye bitcoin as a safe investment over other cryptocurrencies.
https://www.ccn.com/bitcoin-spikes-7-to-8460-overnight-as-cryptocurrency-market-rebounds/
G20
Many analysts have attributed the recent increase in the price of bitcoin to the result of the 2018 G20 Buenos Aires summit, during which the Financial Stability Board (FSB), the global watchdog that oversees banks and financial networks as a representative of 20 major economies, stated that existing regulations on cryptocurrencies like bitcoin will be held and no additional restriction or regulation shall be issued.
FSB’s official report referencing FSB Chair and Governor of the Bank of England Mark Carney’s letter read:
“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time. The market continues to evolve rapidly, however, and this initial assessment could change if crypto-assets were to become significantly more widely used or interconnected with the core of the regulated financial system.”
Previously, up until this week, several analysts noted that the upcoming G20 meetup has contributed to the decline in the value of cryptocurrencies, as investors anticipated the G20 financial watchdog FSB to crackdown on cryptocurrencies and issue stricter regulations. Investors expected major economies to come together to regulate the global cryptocurrency market with harsher policies.
However, governments have decided to accommodate existing regulations on the global cryptocurrency market, which are already strict in regions like the US and Japan, and follow the regulatory roadmap of leading cryptocurrency markets to facilitate the rapidly growing demand for the emerging asset class.
It is highly unlikely that the G20 meetup was the sole factor behind the recent price surge of bitcoin and the entire cryptocurrency market. But, the cryptocurrency market was in need of an optimistic and positive development to secure an upward trend again, after being in a slump for over a week.
Consequently, the valuation of the cryptocurrency market recovered beyond $310 billion, subsequent to falling below $280 billion, and is eyeing to initiate a short-term rally.
In previous reports, CCN emphasized that the January correction would require several months to recover because many investors were hurt by the decline in the price of cryptocurrencies. In 2017, the cryptocurrency market was considered the path for short-term profits. In early 2018, investors have stated to view the market differently, and speculators or weak hands have left the market.
2018 saw significantly developments in bitcoin, Ethereum, and other major cryptocurrencies along with emerging blockchain technologies. Yet, the price has not represented the magnitude of developments that have happened in the space, most likely because speculators and weak hands were not interested in the technology, but rather in short-term profits.
Short-Term
In the short-term, given the continuous increase in the dominance index of bitcoin, it is highly likely that bitcoin will maintain its dominance over the market in a volatile period like this. Bitcoin’s dominance index is already at 44 percent, and has been increasing since February, as more investors have started to eye bitcoin as a safe investment over other cryptocurrencies.
https://www.ccn.com/bitcoin-spikes-7-to-8460-overnight-as-cryptocurrency-market-rebounds/
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