Cryptocurrency rise despite some obstacles on the road

lupafilotaxia (75)in Project HOPE • last year

The market began to show a slight recovery that in the case of Bitcoin in the last 24 hours exceeds 1.5%, while ETH registers 0.6% but paradoxically Hive stopped reacting as it had been showing in previous rebounds, this if we consider that Hive lost 1.4% in less than an hour.

The obstacles in the way to which I make reference are those I have been indicating in the publications that precede this one, the impediments that for some experts affect the normal development of the price action of cryptocurrencies are the legal battles it faces in different parts of the world, which has permeated and created a lot of uncertainty and instability.

While in previous years countries such as China have been attacking the stability and legal adoption of cryptocurrencies, recently federal regulators in the United States have taken action against the main exchange platforms operating in the cryptocurrency market.

Since the very origin of cryptocurrencies, the obstacles along the way have not ceased, but fortunately, despite the fact that cryptocurrencies have been held back by powerful states, today they are an extraordinary alternative to the deteriorated traditional economic and financial system, which has allowed cryptocurrencies to withstand multiple regulatory and even defamatory attacks.

It is known that so far the vast majority of central financial institutions of the most powerful states worldwide, to date remain skeptical about the advance of cryptocurrencies, however, developments such as those reported in El Salvador give evidence that cryptocurrencies can really coexist and facilitate contribute to decongest the weakened conventional financial systems.

Specifically the recovery in the price action observed in the last 24 hours, managed to overcome the obstacles after the repeated demands to cryptocurrency platforms such as Binance, let's hope that this good streak continues for the rest of June.