Bitcoin rate passed through the level of $11.500 on Monday, despite the Bank of England president Mark Carney's statement about the need for the cryptocurrency market regulation.
Bitcoin was 3.02% up, at 11.524 USD on Bitfinex, Monday evening.
Other cryptocurrencies are growing in price as well. The second largest cryptocurrency by market cap Ethereum was 1.32% up, at $864.20 on Bitfinex; the third largest cryptocurrency by market cap Ripple increased by 17.02%, up to $1.052 on Poloinex
Investors hope for the further bitcoin growth, after its price consolidated at the level of 11000 USD in less than a month after its dramatic drop below $6000.
Almost all world financial regulators are discussing the issue of cryptocurrency trading regulation. Last Friday, the Bank of England governor Mark Carney said that the cryptocurrencies were a mere financial bubble, and investors needed protection. The issue of cryptocurrency trading regulation will be discussed in two weeks, at the meeting of G20 central banks governors in Buenos Aires.
At the same time, two largest India’s cryptocurrency exchanges BTCXIndia and ETHEXIndia were shut down, as the country’s authorities announced the rules for cryptocurrency trading to be restricted.