Cryptocurrencies looked set for their 13th consecutive green day on growing optimism that the UK will soon begin regulating the market, which will decrease the risk of holding digital currencies.The king of digital currencies rose 5.0% to around $46,900, as momentum continued to be picked up.
Naeem Aslam, Avatrade chief market analyst, said: “The British Finance Minister is finally going to make an announcement this week or the next to announce a new regulatory regime for cryptos.The positivity echoed around most of the crypto world, with 95 of the top 100 digital currencies edging higher on Monday morning.