Japanese online brokerage firm Monex prepares to make a bid for Coincheck, a cryptocurrency exchange, that at the beginning of the year was hacked by high-profile scammers, according to the Nikkei Asian Review. It facilitated a rapid growth of Bitcoin price to $7,400.
"It's a massive confidence boost; you now have a regulated public company in Japan buying into a crypto exchange," Brian Kelly, founder and CEO of BK Capital Management, said. "This puts a stamp of approval, and Japan is a huge driver of this market."
Read more:
https://coinidol.com/btc-price-goes-up-but-not-for-long/
Let us see how much this event will effect the price of bitcoin . The price went upto $7400 but it is now still floating at $6500 . It seems that nothing positive event is contributing in determining the bitcoin price positively an the people who are panicking are continuously selling off making things more worse right now.
I really dont find any "confidence boost" right now.
