CJ – Cryptocurrency Specialist
Bitcoin, the largest cryptocurrency by market cap, has surged past the $30,000 mark, bringing the rest of the digital asset market with it. According to CoinGecko data, Bitcoin is currently trading for $30,327, representing a 7% increase in the past 24 hours and a 9% increase over the past seven days. This is the first time Bitcoin has hit these levels since June 9 of last year, almost exactly 10 months ago.
Ethereum (ETH), the second largest digital asset, is also experiencing gains, trading for $1,933, a 4.3% increase in the past 24 hours. Even Dogecoin, the eighth largest digital asset, which last week saw a surge in value thanks to Elon Musk's tweets, is up modestly by 2.8% in the past day, trading for $0.085.
Bitcoin is outperforming the top 20 biggest digital assets, and traders are attributing this to several factors. Some are expecting Federal Reserve Chairman Jerome Powell to slow the rate of interest rates due to the banking crisis, making "risky" assets like Bitcoin more appealing. Others see Bitcoin and gold as safe-haven assets amidst current financial uncertainty and the looming possibility of a recession.
Despite regulatory woes for the crypto market investment industry and investor hesitation towards risky assets, Bitcoin has made a comeback this year. At the start of 2021, it was worth $16,615 per coin, but it has since increased by over 80%. The current surge past $30,000 represents another milestone for the cryptocurrency market.
For those looking to learn more about cryptocurrency and digital assets, or looking for a place where to buy Bitcoin, BC Bitcoin offers a range of resources, including wallet guides, coin guides, and the ability to buy and sell cryptocurrency with experienced customer support.
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