Home topics technology Small Business Tech Small Business Cryptocurrency column: The key to investor confidence in Cryptocurrencies Dr Prash P. August 17, 2018 Cryptocurrency markets plummeted this week with the market capital of the entire cryptocurrency market falling below $200 billion USD for the first time this year. This comes off the back of a barren 6 months for the cryptocurrency market which has seen that market capital more than halve in that time, a far cry from the stratospheric heights it reached at the end of 2017. Much of the recent negative market sentiment has been attributed to persistent reluctance by the US Securities & Exchange Commission to approve a Bitcoin Exchange Traded Fund (ETF) with the most recent decision by the SEC to delay a decision expected this week to the end of September sparking the current market dip. While the market has reacted to this news as expected, with a loss of confidence and a reflection in price, the positives for the industry have been lost in the gloom; that the decision has been merely delayed, not rejected. Whilst this may appear on the surface like a desperate attempt to spot a silver lining on a looming storm-cloud, many within the industry are barely surprised. The regulatory community has consistently displayed a very cautious attitude to an asset class which it is still debating on how exactly to classify with different countries, different states within a country and even different regulatory bodies within a state classing it
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