David – Cryptocurrency Expert
What's required for a cryptocurrency market comeback may be seen in a recent tweet from Santiment
The latest FTX collapse may have long-lasting repercussions for the crypto market investment
Santiment, a blockchain analytics company, posted a chart recently that illustrates what the cryptocurrency market has to do to come around following the most recent turmoil involving FTX and other cryptocurrency exchange platforms.
The tweet claims that cryptocurrency often prospers when exchanges are not the main focus. The FTX collapse is one of the most significant exchange crashes in history, hence its shockwaves may have "long-lasting shockwaves." The tweet also stated that the critical turning point for the cryptocurrency industry will come when attention returns to Bitcoin, the market leader, and away from exchange tokens.
The graphic Santiment posted on Twitter recently shows that historically, the price of Bitcoin has fallen as the social dominance of exchange tokens increases.
Santiment gives us a thought that it's crucial to remember that in 2015, a second Golden cross occurred in July, but it was invalidated by a 27% downward drop. Considering that, is it possible that it will occur once more?
It’s important to remember that history repeats itself, with no expectations of the crypto markets. Will it happen tomorrow, after a month or a year? No one knows, that’s the difficult part to predict the highs and lows.
If you think the right time for your investment is now and you want to secure a good position, we suggest you visit BC Bitcoin a trusted cryptobroker with cheapest Bitcoin price available. In case you are not interested in buying Bitcoin, you can buy Altcoins too.
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