As most crypto friends know, cryptocurrency was strictly controlled by states and governments, even google and Facebook also forbided cryptocurrency advertisements before. China and India also strict on cryptocurrency trading, the cryptocurrency regulation has tightened, and the cryptocurrency trading living space has been extremely compressed.
Source from https://medium.com/@Vince81901477/with-stricter-regulation-coming-the-future-of-the-cryptos-is-5c834ae782b2, the medium article mainly discusses the regulatory measures and the impact on industries under the regulation on cryptocurrency, also mentioned about the live market of bitcoin.
In July, live market of Bitcoin in 7 days trading price level between $6400 to $6800, hardly break the high level, even the $6800 — $6833 level, may be this interval stop the new bullish. Another reason may comes to the trading volume is not enough large.
Bitcoin price down, how other cryptocurrency can rise and bullish on the market? The entire cryptocurrency market prices all decline, market cap decline from $274 billion to $252 billion, down 7% and shrinking $2.2 billion.
Bitcoin prices fell by 5%, while ethereum to usd exchange rate fell by more than 7%. On July 11, the price of Ethereum was about $429. Ethereum prices have fallen to less $430 and have dragged down the performance of other cryptocurrencies.
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