{"id":390451,"date":"2019-07-20T01:01:53","date_gmt":"2019-07-20T01:01:53","guid":{"rendered":"https:\/\/wncen.com\/?p=390451"},"modified":"2019-07-19T18:40:36","modified_gmt":"2019-07-19T18:40:36","slug":"regulatory-libra-crypto-bitcoin-bulls","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/regulatory-libra-crypto-bitcoin-bulls\/","title":{"rendered":"Regulatory Pressure Amidst Libra Crypto Controversy Hasn\u2019t Shaken Bitcoin Bulls"},"content":{"rendered":"

All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook\u2019s Libra will create for Bitcoin<\/a> now that policymakers are up in arms over the asset class.<\/span><\/p>\n

Following a negative tweet from United States President Donald Trump and expressed distaste from nearly every governmental department in the US<\/a>, Bitcoin price was expected to fall, but has instead risen sharply. The price action shows that recent regulatory pressure has had little impact on bulls, and a new poll on Twitter further backs up that sentiment with raw data.<\/span><\/p>\n

Crypto Consensus: Bulls Are Buying the Dip Following Libra Controversy<\/span><\/h2>\n
Ever since Bitcoin left its bear market bottom behind back in April, the entire crypto space has switched to \u201cbuy the dip mode\u201d on Bitcoin, and has been quickly scooping up cheaper Bitcoin at the first sign of a drop.<\/span><\/p>\n
Related Reading | Bitcoin Suddenly Surges Past $10,000 as Bear Trend Dies; Factors & Trends<\/a><\/strong><\/em><\/p>\n
Even recent regulatory pressure has not deterred bulls, who are primarily in a long position, according to a recent poll shared by crypto analyst FilbFilb<\/a>.<\/span><\/p>\n
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Are you<\/p>\n
— filbfilb (@filbfilb) July 18, 2019<\/a><\/p><\/blockquote>\n