Business Insider article By Jessica McIsaacThe US digital currency market has been a wild ride this year, with the price of one bitcoin rising to more than $600 from less than $40 in June, according to CoinDesk.
The surge in value has coincided with the US Federal Reserve raising interest rates and a spate of announcements on the digital currency landscape.
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The digital currency industry is one of the most interesting and growing areas of the US economy.
The value of digital currency has surged from a measly $100 in 2014 to more a whopping $3,700 in 2016.
But the rise of bitcoin in the past year has also coincided with a slew of recent announcements that have affected the digital coin space, particularly on the regulatory front.
The digital currency is expected to hit $4,000 by the end of 2018, making it one of bitcoin’s most important digital assets.
The currency has been on a tear in recent years, reaching a value of over $600 last year.
In 2018, the digital currencies market was valued at more than USD $4.2bn.
That number had grown by more than 40% in the year before that.
Bitcoin is a digital currency that uses a blockchain, a set of rules that allows transactions to be verified.
A blockchain is a ledger that is shared between thousands of computers around the world and contains information about how a currency works and where it was created.
The value of bitcoin, which is the largest cryptocurrency, has soared in the last year as a result of a number of events.
A major one came when the Federal Reserve raised interest rates by a whopping 2% in January.
It was the first time in over a decade that the US central bank raised rates.
This came after a string of announcements by the Fed and other central banks that signaled a tightening of monetary policy, as well as the announcement of a new rule to ban money laundering, a term used to refer to the illegal transfer of money through foreign exchanges.
The central bank also announced that bitcoin transactions would no longer be tracked by the Treasury Department.
The announcement also created a regulatory headache for companies that operate on bitcoin.
This regulatory pressure led to many companies in the bitcoin space to rethink their operations.
Some bitcoin firms, like CoinLab, went public, which allowed them to offer more services to consumers, as opposed to their competitors.
CoinLab’s founder, David Rosenberg, says the price has dropped from $100 to under $30 since January.
“The market has just been so volatile,” he says.
Rosenberg is also CEO of a startup called CoinPayments, which has been growing at a faster rate than its competitors.
The company is the first bitcoin company that provides a credit card processing service.
Romesberg says the digital money space is still evolving, and the regulatory and economic changes have caused some companies to rethink what they do.
“I think we are still in a period where we are going to have to adjust to a lot of the things that are going on, which will mean some companies are going down, and some companies will be up,” he said.
Romelli says that, with regulation in place, the US digital coin market is on track to hit more than US$7bn in 2020, which would make it the fourth largest market by value.
He says the number of bitcoin companies in existence will grow to around 50 by 2020, while the number that are currently offering a service to consumers is likely to double by then.
Romeris also believes that the digital cash market is poised to reach US$40bn in 2021, which could put it in the top 10.
“That’s a big number for a market that’s still in its infancy,” he added.ROMELLI believes that, once the digital cryptocurrency market reaches US$50bn, the market will start to see rapid growth in other areas.
“It’s going to take a lot more than just the regulation to make this happen,” he concluded.
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