🔥 Find out the possible reasons for crypto market’s uptick

Main news of the day in a few paragraphs

Crypto market The crypto markets have seen a slight uptick after Monday's sharp decline. Bitcoin is trading $8,167 by press time and up 26 percent over a 24-hour period. To feel confident on the market, follow our Price Analysis.   Possible reason for uptick: SEC and CFTC Hearing The Commodity Futures Trading Commision and US Securities and Exchange Commision met to discuss their roles in Blockchain, virtual currencies and ICOs. Summary: Both SEC and CFTC remained excited about the potential of decentralized technology and cryptocurrencies. CTFC is interested in allowing growth for DLT (distributed ledger technology) and cryptocurrencies while keeping a watchful eye on fraudsters in ICOs. "If there was no Bitcoin, there would be no DLT." Both SEC and CFTC want to see the technology grow without getting anyone hurt in the process. SEC is going to be investigating ICO violations further. Read how the chairman of the CFTC decrypts an acronym "HODL."   More Virgin Money, a financial services company present in Australia, South Africa and the United Kingdom, banned credit card purchases of cryptocurrencies. South Korean cryptocurrency exchange Coinpia has suspended fiat deposits. Did you know that 80 percent of South Korean investors have profited from investments in cryptocurrency? Or how does South Korea sway cryptocurrency prices? To put it simply, by speculation. Read more: South Korea and Crypto Regulations, Explained. Why you're not ready to receive your salary in cryptocurrencies.   Picture of the day Congratulations, Elon! While your rockets are flying to Mars, we are on our way to the moon again! Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. COINTELEGRAPH LIMITED · 25/F WORKINGTON TOWER 78 · HONG KONG · Hong Kong