Looking at the two indicators posted under, one can see that the market is still experiencing a silent correction. Up to now, the SEC has mentioned that Bitcoin and Ethereum, the highest two cryptocurrencies by market cap, were not securities. Currently, cryptocurrencies resembling Bitcoin serve as intermediate currencies to streamline money transfers throughout borders. India was reported to be formulating a framework for cryptocurrencies in December. Today, WordPress, an especially fashionable weblog hosting site and framework and the 22nd most accessed site on the earth, has introduced that they're going to be accepting Bitcoin as a technique of cost. The launch of trading platforms triggered the primary bubble in bitcoin’s value, when the exchange fee ballooned to $32 earlier than collapsing to around $2 in 2011. The shortlived run in the price put bitcoin on the map, in accordance with Max Boonen, the founder of B2C2, one among the biggest trading companies in crypto right now. Nakamoto then mined the primary bitcoin in January 2009, marking the date the blockchain network and digital coin went live. But, in opposition to this shaky macroeconomic backdrop, curiosity in bitcoin was starting to select up.