Bank of England governor, Mark Carney, explains cryptocurrencies pose little risk to global finances.

Following uneasy uncertainty earlier this weekend, the market immediately responded positively to a statement issued at G20 by Mark Carney. The statement eased crypto-investor fears, explaining that the cryptocurrency market poses little risk to global financial stability.

The cryptocurrency market is a mere blip on the radar of world markets, constituting less than one percent of global financial activity in terms of GDP. Thus, the impact of this news will not be significant in terms of the global economy, but it could have an enormous effect on the relatively tiny cryptocurrency market. From the crypto-investor's perspective, the news has an air of importance that can have a dramatic impact on the small market caps of the tiny market.

Pricing and volume immediately jumped for many currencies in the market following the announcement. With further announcements from G20 coming tomorrow and Tuesday, the market could still see further dramatic movement over the next couple days as it might finally begin to emerge from the doldrums of previous months.

*This is not professional trading advice - it's just my opinion!

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source:

https://www.express.co.uk/news/world/933658/cryptocurrency-news-bitcoin-price-market-mining-ripple-eretheum