Yesterday we saw the cryptocurrency market in the red suffering losses. Bitcoin fell to around 7,600 but today it is back in the green today. Today we saw Bitcoin moving hit $8,000 again. On Monday we saw Bitcoin surpass $8,200. Last week we saw Bitcoin hit its highest level so far this year hitting $8,300. The price of Bitcoin today is actually higher than the price we saw it at this day last year when it was only around $7,300.
Today Litecoin experienced gains of more than 13%. This week cryptocurrency exchange OKEx posted some litecoin related tweets.
This month the European Central Bank released a report on crypto assets. In present market conditions the ECB believes that crypto assets pose limited or manageable risks but it will continue to keep a close eye on the market.
Please remember this is news, not investment advice.