Why is crypto going up?
Cryptocurrency is pumping – presumably, due to the U.K. crypto regulation news.
The House of Commons – the lower house of the U.K.’s parliament – has just voted in favor of recognizing cryptocurrency as a regulated financial instrument.
This, along with the rise in the U.S. equities and many investors recognizing Bitcoin as a hedge against inflation, acted as a powerful catalyst for the crypto market growth, with Bitcoin and Ethereum rising 5% and 12% respectively, and many Top-50 altcoins seeing double-digit gains.
ChangeNOW has also met an impressive audience growth and a surge in the exchange activity amid this unexpected crypto market bull run.