Cryptocurrencies, as a rule, work in a triangle, where some important event causes interest. It could be any news, and not even connected to digital currencies. For example, political, economic and social events in the top world countries significantly influence the digital currency world. Thus, such news is broadly covered in the media and prices consequently rise, and everyone “earns money”. It can be argued that the burst of Bitcoin is connected to the enthusiasm of the ICO world. Prices tend to rise sharply as long as deposits are matched with withdrawals.
Digital currencies such as Bitcoin and Ethereum will received significant support in Germany with the creation of a new nationwide federal digital currency and a blockchain lobby group called Blockchain Bundesverband, the German federal association Blockchain.
The official foundation of the new association was held in the German Bundestag. The chances of flipping, that is, the transition from Bitcoin to the Etherium, are rapidly falling.