British regulators have hinted at their possible acceptance of cryptocurrency and as a result, the Bitcoin (available on Coinbase) price (BTC) bull-run could expand even further. The trading environment has been changing dramatically in favor of bulls who expect robust growth in Bitcoin (available on Coinbase) price throughout the second half of this year. Bitcoin (available on Coinbase) price breached the $9,000 mark today after steady growth in the last two weeks. The aim is to hit the $10,000 resistance level soon.  

Bulls are actively capitalizing on trader’s strengthening confidence in cryptocurrency markets. The price of the largest coin rose almost 50% since the April 1st low of $6,425.

Source Image: coinmarketcap.com

Experts are optimistic for the return of the bull market due to the acceptance of cryptocurrencies in the mainstream financial system.

Rodrigo Marques, CEO of investment platform Atlas Quantum says, “At this point, it’s hard to argue against everyone benefitting from cryptocurrencies becoming more mainstream, mature and secure.”

British and European Regulators Could Fuel the Bull-Run

Several major markets like Japan, South Korea, and the United States have legalized cryptocurrencies in one or other way. Regulators from these countries have been enhancing trader’s confidence by creating rules and regulations for cryptocurrency trading.

Traders believe that cryptocurrencies could take further gigantic steps towards mainstream acceptance this year. They are actually pointing towards British and European regulators – who are pondering on how to deal with Bitcoin (available on Coinbase) and other digital currencies.

Bulls have been appreciating the UK regulators awarding of an e-money license to Coinbase.