Cryptocurrency market to hit $1 trillion valuation in 2018: Kraken CEO
The entire cryptocurrency market will reach a total value of $1 trillion this year, according to the chief executive of a top digital currency exchange.
huge cryptocurrency sell-off.
Traders have been weary of regulatory signals recently as government ministers in South Korea and India have both upped their rhetoric against virtual currencies. On Monday, three top European Union regulators issued a warning to consumers about the risks associated with buying cryptocurrencies.
However, cryptocurrency enthusiasts seemed to be mostly positive about a hearing on cryptocurrencies held by the U.S. Senate Banking, Housing and Urban Affairs Committee last week.