On Wednesday, July 21, bitcoin (EXANTE: Bitcoin) started the day with a positive dynamic. After the recent sell-off, the largest cryptocurrency by market cap is trading at $30,852.24 (+3.89%), according to EXANTE.
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Chart of the USD/BTC trading pair from EXANTE
Ether (ETH), for its part, is up by 6.57% at $1,876.41, while binance coin (BNB) gains almost 7% and is now trading at the $284.04 mark.
FxPro's team of analysts warns: there is no time for relief. The next time bears try to test the strength of the cryptocurrency, and they will be able to push it significantly lower, the analysts say.
"The persistence of low trading volumes can also be considered an alarming sign. In all likelihood, smart money managers will likely to continue a wait-and-see attitude, not counting the current levels as unambiguously attractive."
Meanwhile, France's securities regulator, the Autorité des marchés financiers, wants the European Securities and Markets Authority (ESMA) to regulate not only cryptocurrencies, but also cryptocurrency service providers around the bloc.
France's financial regulator emphasizes that the current regulatory framework of ESMA does not allow for full objectivity, as the regulatory structure is composed mainly of national authorities.
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