Bitcoin and Brexit: Did the Great UK Debate Move the Price?
Another bitcoin price hike is in the books following the unexpected Brexit. At press time, bitcoin has started a recovery and is now hovering around $655 USD. Bitcoin and Brexit. Bitcoin was doing quite well last week, having surpassed the $700 without much trouble, but ironically, things took quite a plunge at the same time that the UK voted to leave the EU. Actually, the two appear to be directly linked. The Brexit is affecting trading across the globe, even if they don’t seem related. For example, bitcoin trading is at its highest in China. At present, the country is responsible for....
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The recent Supreme Court ruling requires the British government to get parliamentary approval before initiating the Brexit process, fintech industry faces uncertainty. Brexit is a crucial event for the fintech and blockchain sector. The post-Brexit world will decide the fate of the European Fintech ecosystem. But the separation of England from the European Union may not be happening anytime soon. According to reports, the English Supreme Court has ruled that the Prime Minister of Great Britain, Theresa May has to seek the approval of the parliament before setting the wheels of Brexit in....
Albeit many people expected the Pound Sterling to lose some value due to the Brexit, the results are overwhelming so far. Most people are well aware of how the Argentine Peso is not having the best time of its long life so far. The currency is plagued by inflation, and holding Pesos is not the best course of action right now. But the British Pound is having an even worse time since the Brexit. In fact, the Pound Sterling is the world’s worst-performing currency as we speak. Pound Sterling Drops Further. Albeit many people expected the Pound Sterling to lose some value due to the Brexit,....
The Brexit vote has come and gone, and while anti-Brexit petitions have arisen among the turmoil, many U.K. residents who have their savings stored in British pounds recently woke up to discover themselves eight percent poorer than what they’re used to. Bitcoin Price Is Falling, Still Doing Much Better Than the Pound. The British Pound has fallen in value since the Brexit vote took place; it now stands at the lowest it has been since 1985. Unfortunately, bitcoin’s rise is also witnessing a temporary halt. Since our previous price piece, which saw the digital currency hovering at around the....
The Vice-Chancellor of Germany has stated that the future of the EU might be in jeopardy if Brexit is not handled properly. Sigmar Gabriel said that, if the United Kingdom’s exit caused other countries to follow suit and leave the Union, that would cause the EU to go “down the drain.” He told a news conference that Brexit had damaged Europe’s reputation, causing the continent to become regarded as being unstable. The UK Prime Minister Theresa May is currently weighing the country’s options regarding the exit vote, while her cabinet remains split on leaving the single market. A last chance....
The bitcoin price is back up! Following a scary and wavering period of political turmoil and financial devaluation, bitcoin has returned to $670 USD and beyond at press time. Bitcoin is getting people excited again, and the reasons for the rise are likely due to several factors. For one thing, the Brexit vote has come to an end. Britain is leaving the EU, and while anti-Brexit petitions are in the mix, no move has been made on those yet. In that time, bitcoin encountered its heaviest drop in recent days, but trading among British investors and cryptocurrency hounds was at an all-time high,....