By Tyler S - Wallet Specialist - 06-11-2021
The cryptocurrency trading market has seen massive growth in 2021, although considering the market crash in May, this might seem like a debatable fact. That being said, Bitcoin (BTC) and a selection of altcoins have risen to exponential all-time highs.
Crypto market investments such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple's XRP have been significantly growing in price over the last month. Each of these altcoins has consistently seen increases and even reached percentages in the double digits throughout October. The higher-ranked crypto assets push the entire crypto market value closer to the $3 trillion mark.
The price to buy Bitcoin investments has increased from $45,000 to $67,000 in a month, recovering completely from the crypto crackdown. This price spike is partly backed by the United States releasing the first-ever BTC ETF. However, in comparison to the well-performing altcoins, BTC has since fallen in price.
Despite Bitcoin's recent red candles, Michael Saylor, the chief executive of MicroStrategy, has gone against the grain and forecasted that trillions would go in Bitcoin. Saylor believes the sudden money flow into the major crypto giant will come when the securities and exchange commission (SEC) officially allows the Bitcoin exchange-traded funds.
Michael Saylor further explains that he believes that when the ETF is approved by the US SEC, this will push Bitcoin further into finally replacing the precious commodity, Gold. MicroStrategy is one of many companies that invest in Bitcoin; the business' current holdings contain more than 110,000 BTC, which brings the value to around $7 billion.
While Bitcoin has investors in a bullish perspective, even with the price drop, they turn their heads to watch the battle between Ethereum and Solana. Ethereum has climbed nearly 5% this week but catching up is SOL with price increases of around 20%.
If you are looking to Buy and Sell Bitcoin, then you can head over to BC Bitcoin where you can safely start investing today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards