Cryptocurrency market analyze live market of bitcoin, will bear market turn over

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As most crypto friends know, cryptocurrency was strictly controlled by states and governments, even google and Facebook also forbided cryptocurrency advertisements before. China and India also strict on cryptocurrency trading, the cryptocurrency regulation has tightened, and the cryptocurrency trading living space has been extremely compressed. Source from https://medium.com/@Vince81901477/with-stricter-regulation-coming-the-future-of-the-cryptos-is-5c834ae782b2, the medium article mainly discusses the regulatory measures and the impact on industries under the regulation on cryptocurrency, also mentioned about the live market of bitcoin.

In July, live market of Bitcoin in 7 days trading price level between $6400 to $6800, hardly break the high level, even the $6800 - $6833 level, may be this interval stop the new bullish. Another reason may comes to the trading volume is not enough large.

Bitcoin price down, how other cryptocurrency can rise and bullish on the market? The entire cryptocurrency market prices all decline, market cap decline from $274 billion to $252 billion, down 7% and shrinking $2.2 billion.

Bitcoin prices fell by 5%, while ethereum to usd exchange rate fell by more than 7%. On July 11, the price of Ethereum was about $429. Ethereum prices have fallen to less $430 and have dragged down the performance of other cryptocurrencies.

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India attitude towards to cryptocurrency, will cryptocurrency market have future?

Cryptocurrency is like a strong wind flow into the world, carry into many people’ life and for some one, its like a good thing that was brought to them and enrich their lives, thinking which cryptocurrency to invest in, while some are still resist cryptocurrency, and believe they are bubble, stop playing them, never use tools on Bitcoin Price Widget For Website and investing.

So, what about the state and government their attitude toward cryptocurrency?

India: The Bank of India responded to the cryptocurrency ban and did not change its position.

The Bank of India (RBI) has responded to a report on the cryptocurrency ban submitted by the Indian Internet and Mobile Association (IAMAI). According to Sohail Merchant, CEO of Pocketbits, the Indian cryptocurrency exchange, RBI's response is “a two-page general response”. As of now, the response cannot be public, but there is not much readability. Merchant said that RBI did not even carefully consider the views expressed in the report. Their arguments were based on “investor protection” and did not change their position.

Comments: This incident shows that India's position on cryptocurrency is very firm. In April of this year, the Bank of India issued regulations prohibiting banks and financial institutions under its supervision from providing services for cryptocurrencies. The Indian government is tough on cryptocurrency and is more worried about its use in illegal financial activities.

Here is a relative article from Medium about India attitude towards cryptocurency and more details about the cryptocurrency development in India. Source: https://medium.com/@Vince81901477/a-history-of-the-development-of-cryptocurrency-in-india-6dff65869d59