- However, the “short-term” price rises across bitcoin, ethereum and ripple could yet see an even bigger boost from China lifting its ban, according to one expert.
- The air with ethereum recovering from a low of $412 to hit a high of $482 a 14 percent rise, and ripple moving from a low of $0.43 to hit a high of $0.51.
- Suggesting that by the end of July we could see steady rises across the major coins.
- However, Mr Ostler says that the cryptocurrency world should be keeping an eye on developments to the east.
- The ban in China came in at the start of February 2018 when the People's Bank of China (PBOC) - the central regulatory authority for financial institutions and monetary policy - issued a statement that it would “block access to all domestic and foreign cryptocurrency exchanges and ICO websites.”
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