Daily crypto: Bitcoin is approaching $7,000 and Chinese search giant can block crypto

It seems like the crypto markets begin to regain confidence. During the night, the bitcoin price (+2,99%) soared during a few minutes from just over $6,700 to just over $6,900 – an increase of $200.

The upswing comes after an upward trend in the last few days.

Last week, bearish bets on bitcoin futures also hit a record low, which may indicate that the recent decline in prices we have seen may be over.

According to data from the Commodity Futures Trading Commission (CFTC), speculators are now the least negative to bitcoin since the futures contract was first introduced last December, Coindesk writes.

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Chinese search giant can block crypto

The Chinese company Baidu, whose search engine is the fourth most widely used in the world, intends to block crypto related content on its online portals.

Among other things, the company plans to restrict or completely ban topics related to cryptocurrencies of their online forum, CCN reports referring toChina Times.

Bitcoin pulls the other cryptocurrencies with it

Like always, the upgoing bitcoin price also took the rest of the crypto market with it. Among the biggest cryptocurrencies, xrp (+4,01%), eos (+4,05%) and bitcoin cash (+3,64%) soared the most during the last 24 hours.

But also ethereum (+2,93%) has soared and is currently trading at $285.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were dash (+20,99%) och byteball bytes (+16,92%), and the ones who performed the worst were emercoin (–4,19%) och rchain (–2,62%).

*All numbers in this article are from Coinmarketcap.com.

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